CDC: Fossil Fuels

(asked on 23rd March 2020) - View Source

Question to the Department for International Development:

To ask the Secretary of State for International Development, pursuant to the Answer of 26 February 2020 to Question 18886 on CDC: Fossil Fuels, what the (a) original investment value was and (b) current net asset value is for CDC's investment in (i) Albatros Energy, (ii) Proton Energy, (iii) Simba Oil Ltd, (iv) SODEP and (v) Uquo Integrated Gas Business (Accugas).


Answered by
James Duddridge Portrait
James Duddridge
This question was answered on 21st April 2020

The total amount invested across the five investments specified in the question was $5.2 million. The total net asset value, as of 31 December 2019, had risen to $6.2 million.

CDC publishes the amounts it invests directly into businesses and investment funds on its website www.cdcgroup.com. It does not disclose individual valuations as these are commercially sensitive.

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