Question to the Foreign, Commonwealth & Development Office:
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what the value is of CDC Group’s commitment to provide equity financing for the Temane gas project in Mozambique, developed by its subsidiary Globeleq.
CDC is a majority shareholder of Globeleq. Globeleq's commitments are funded by shareholder support and Globeleq's own resources.
In the past two years, Globeleq has supported the financing of a number of African power projects, including the Cuamba solar and storage project in Mozambique, the Temane gas fired power project in Mozambique and the ARC solar project in Egypt.
Gloebleq has reported its total commitment to Temane as approximately $170 million.