Question to the Department for International Development:

To ask the Secretary of State for International Development, how many energy projects involving the burning of heavy fuel oil has CDC Group invested in since 2011; and (a) how much and (b) on what dates that funding was allocated to each of those projects.

Since 2011, CDC has invested in four energy projects designed to run on heavy fuel oil in four countries in Africa: Kenya, Cameroon, Mali and Guinea-Conakry. The funding was committed in 2015, 2017 and 2018. The total invested into the four projects is $77.3 million which represents less than 1.5% of CDC’s total investment portfolio.

CDC invests in energy projects to support access to energy for 600 million Africans without power and to achieve net zero emissions by 2050 in a socially just manner. Over the past two years, CDC has committed over $500 million to renewable energy projects, almost 25% of CDC’s total investment commitments made over this period. Whenever CDC invests in fossil fuels, it does so with the aim to increase efficiency, reduce emissions and as part of a low carbon transition plan.