Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what the value is of the Government's proposed investment in the Temane gas-fired power station in Mozambique through CDC Group's Globeleq subsidiary.

CDC has invested over $1 billion of climate finance into developing countries in Africa and South Asia since 2017. CDC's climate strategy sets out its comprehensive approach to align all of CDC's investing activities with the Paris Agreement, based on the core principles of reaching net zero by 2050, enabling a just transition and strengthening adaptation and resilience.

CDC's fossil fuel policy, published in December 2020, applies to all new commitments. This policy excludes future investment in the vast majority of fossil fuel subsectors including coal, oil and upstream gas exploration and production, with very limited exceptions. CDC will only consider new investments in gas power and related infrastructure if they are aligned with the Paris Agreement and aligned with a country's pathway to net zero emissions by 2050.

Commercial discussions regarding the proposed Temane power project remain ongoing. Financial information on CDC's investment is commercially sensitive and therefore is unable to be disclosed.