Asked by: Nadia Whittome (Labour - Nottingham East)
Question to the Department for International Development:
To ask the Secretary of State for International Development, pursuant to the Answer of 21 February 2020 to Question 18886 on CDC: Fossil Fuels, what the initial value of those investments was; and what the current value of those investments is.
Answered by James Duddridge
The initial value of investments listed in Question 18886 was approximately $741 million. The value of those investments as of 31 December 2019 was approximately $866 million.
Asked by: Nadia Whittome (Labour - Nottingham East)
Question to the Department for International Development:
To ask the Secretary of State for International Development, what assessment she has made of the need for humanitarian aid to support refugees in refugee camps in Myanmar.
Answered by Nigel Adams
There are around 400,000 internally displaced people (IDPs) in Myanmar, most of whom were displaced by conflict. This includes 130,000 Rohingya IDPs in Rakhine State, around 77,000 Rakhine IDPs in Rakhine and Chin State, around 110,000 IDPs in Kachin and Northern Shan and around 90,000 IDPs South East/Thai border. In addition to conflict, Myanmar is one of the most disaster-prone countries in the world. In recent years it has experienced displacement as a result of extreme weather events.
Humanitarian need across Myanmar remains high, especially amongst vulnerable IDP populations. The UN Humanitarian Response Plan 2020 estimates total needs in Myanmar at one million people and $262 million. Key needs include health care, food, shelter, water and sanitation, and protection. Conflict and travel restrictions limit access to IDPs for international agencies in many areas.
The UK is concerned about the potential impact of COVID-19 on displaced people and on wider conflict affected communities. A serious outbreak of COVID-19 could increase pressure on, and even overwhelm, the already stretched humanitarian system and could reduce access further. The UK has one of the biggest humanitarian programmes in Myanmar working through the UN, International Committee of the Red Cross, international organisations and civil society to respond to needs.
Asked by: Nadia Whittome (Labour - Nottingham East)
Question to the Department for International Development:
To ask the Secretary of State for International Development, if he will list all Private Infrastructure Development Group investments in power generation facilities using (a) diesel, (b) crude oil and (c) Heavy Fuel Oil as a primary or secondary fuel, specifying for each investment the (i) primary fuel type, (ii) secondary fuel type, (iii) initial investment value and (iv) current net asset value.
Answered by James Duddridge
PIDG’s strategy now rules out any investing in coal. This is in line with UK Government policy, including the recent announcement at the Africa Investment Summit.
Of the power generation projects which Private Infrastructure Development Group (PIDG) has supported, 2 use diesel and 5 use Heavy Fuel Oil (HFO) as primary fuel sources. PIDG funding has also directly supported diesel as a back-up fuel source for one solar power project.
Project Name | Country | Commitment* | Commitment year | Primary | Secondary |
AES-Sonel | Cameroon | 35.5 | 2003 | HFO |
|
Rabai Power Ltd. | Kenya | 32.77 | 2008 | HFO | convertible to LNG |
Smart Energy Solutions | Multiple Countries (SSA) | 20 | 2014 | Diesel |
|
Tobene Power, Senegal | Senegal | 32 | 2014 | HFO |
|
Karadeniz, Multiple countries | Indonesia | 15 | 2015 | Diesel |
|
Albatros Energie Mali SA, Mali | Mali | 14.66 | 2016 | HFO |
|
Tobene II | Senegal | 7.45 | 2017 | HFO | convertible to LNG |
Archipelago Hybrid Power Solutions, Indonesia | Indonesia | 8.6 | 2017 | Solar PV | Diesel |
TOTAL Diesel Primary ($ million) | 35 | ||||
TOTAL HFO Primary ($ million) | 122.38 |
Data on all PIDG investment commitments are available online via its Results Monitoring Database and its annual reports (https://www.pidg.org/). Data on the current net asset value of these investments is commercially confidential and not published.
Asked by: Nadia Whittome (Labour - Nottingham East)
Question to the Department for International Development:
To ask the Secretary of State for International Development, what investments (a) CDC Group and (b) its subsidiaries have in power generation facilities using (i) diesel, (ii) crude oil and (iii) Heavy Fuel Oil as a primary or secondary fuel; and what the (A) primary fuel type, (B) secondary fuel type and (C) value is of each investment.
Answered by James Duddridge
CDC has made the following investments:
Investment | Primary Fuel Type | Back-up Fuel Type |
Gas | Diesel | |
Gas | Diesel | |
Gas | Diesel | |
Gas | Diesel | |
Gas | Diesel | |
Gas | Diesel | |
Early Power Limited | Gas | Diesel |
Gas | Crude Oil | |
Gas | Heavy Fuel Oil | |
Light Crude Oil | Diesel | |
Heavy Fuel Oil | Diesel | |
Heavy Fuel Oil | Diesel | |
Heavy Fuel Oil | Diesel | |
Heavy Fuel Oil | Diesel | |
Heavy Fuel Oil | Diesel | |
Heavy Fuel Oil | Diesel |
The total net asset value of these investments, as at 31 December 2019, was $276,272,552. CDC publishes the amounts it invests directly into businesses and investment funds. Individual investment valuations are commercially sensitive and are not disclosed.
In the first two years of CDC’s current strategic period (2017-2018) it committed over $500 million to renewable energy.
Since 2015, CDC has made over $800m of commitments in green investments in a range of sectors – including renewable power, green buildings and forestry. 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. Building on this base, CDC have recently completed work on a new Climate Strategy that sets out a higher level of ambition on Climate and a portfolio-wide “Carbon budget” approach to Paris alignment, tied to HMG commitments to reach net zero by 2050. CDC will launch its new strategy later this year.