Companies

About

CDC is the UK government-owned development finance institution. It supports investing in businesses throughout Africa and South Asia, to create jobs and make a lasting difference to people's lives. CDC has a six-decade heritage as an investor and lender in African power, and has directly or indirectly invested in a third of all utility-scale IPPs in SSA (outside South Africa). Globeleq, Africa's leading IPP company with eight operational plants totalling over 1,200MW in five countries, has been under CDC's direct control (in a 70%-30% ownership with Norfund) since late 2015. CDC recently committed funding to nine solar power projects in Egypt, representing a total of 390MW as part of the Feed-In-Tariff programme, and also reached financial close on the 50MW Tè Power project, the first DFI-financed IPP in Guinea. Since 2017, CDC has been partnering with the Aga Khan Fund for Economic Development/Industrial Promotion Services (who have developed and constructed 730MW in Africa) to pursue more projects in SSA. CDC is also active in the transmission & distribution space in SSA with current investments in Cameroon and the DRC, and historically in Uganda.