This investment was made when British International Investment was named CDC Group.
Our investment
In 2017, British International Investment invested $30 million into Fund II. Our role as an early anchor investor in the fund catalysed other DFI capital, enabling Fund II to reach a total fund size of $116 million. Our investment will support the development of power assets across the continent.
Expected impact
This successfully invested in a range of renewable energy projects – solar, geothermal, wind and hydro power – that are now under development or in operation throughout Uganda, Kenya, Rwanda and Tanzania.
Environmental and social aspects
We have worked closely with the fund manager to develop and implement an Environmental and Social Management System (ESMS) that has the capacity to manage the higher level of E&S risk associated with this sector..
Key facts
- Status:
- Active
- Region
:
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- Africa, East Africa
- Sector
:
We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people. For funds, the sectors listed here are those the fund has invested in so far.
- Infrastructure
- Website:
- http://frontier.dk/
- Investment type
:
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Intermediated investment
- Fund manager:
- Frontier Investment Management
- Start date
:
For direct investments, this is the date British International Investment committed capital to the business or project.
For funds, this is the date that British International Investment committed capital to the fund.
For underlying fund investments, this is the date that the fund invested capital into the business.e
- March 2017
- Amount
:
For direct investments, this is the total amount that British International Investment has committed to the business or project (it may be a combination of equity and debt).
For funds, this is the total amount that British International Investment has committed to the fund.
- $30m
- Domicile
:
This is the investee company’s place of incorporation; or a fund’s jurisdiction.
- Denmark
Investments made by this fund
- Active
- Exited
| Investment name | Country | Region | Sector | Start date | Status |
|---|---|---|---|---|---|
|
Rwenzori Hydro (PVT) Ltd
The Nyamagasani 1 Hydro Power Project intends to utilize the hydro potential of the river Nyamagasani as it drops down over a high altitude plateau while flowing down from the upper forested region of Mount Rwenzori. The river has a catchment area of approx. 92 km2 predominantly inside the Rwenzori National Park. Rwenzori Hydro (PVT) Ltd is the project company for Nyamagasani 1 Hydro Power Project. |
Uganda | Africa, East Africa | Infrastructure | September 2017 | Active |
|
BVC Geothermal Ltd
The Barrier Volcanic Complex (BVC) geothermal prospect is a greenfield site located in the northern sector of the Kenya rift, immediately south of Lake Turkana. BVC Geothermal Limited is the project company for Olsuswa Energy Limited (Kenya). |
Kenya | Africa, East Africa | Infrastructure | December 2017 | Active |
| Elemental Energy Ltd. | Uganda | Africa, East Africa | Infrastructure | December 2017 | Active |
|
Esikipeto Power Generation Ltd
The Esilanke Wind Project intends to use the Great Rift Valley wind resource to generate wind power at a site located in Kajiado County approximately 35 km Southwest of Nairobi. |
Kenya | Africa, East Africa | Infrastructure | December 2017 | Active |
|
Greenewus Energy Africa Ltd
Greenewus Energy Africa Ltd. is a special purpose vehicle established with the sole purpose of developing and implementing the Kakaka Hydro Power Project. The Kakaka project is a 5.0 MW hydropower plant utilizing the hydropower potential of the river Rwim. |
Uganda | Africa, East Africa | Infrastructure | December 2017 | Active |
|
Kiwira Energy Ltd
The Kiwira Hydro Power Project consist of 8 sites on the Kiwira River and tributaries in Mbeya Region in South Western Tanzania. The rivers system runs through a valley around Mt. Rungwe into Lake Nayasa. |
Tanzania | Africa, East Africa | Infrastructure | December 2017 | Active |
|
Momba Hydropower Ltd
The Momba Hydro Power Project is located at Yala Falls on Saesi River in Momba District, South-Western Tanzania. The Saesi River is a tributary to Momba River, which flows into Lake Rukwa. |
Tanzania | Africa, East Africa | Infrastructure | December 2017 | Active |
| Ndugutu Hydro Power Company Ltd. | Uganda | Africa, East Africa | Infrastructure | December 2017 | Active |
|
Nithi Hydro Power
The Nithi Hydro Power Project is a run of river hydro power plant on the eastern side of Mount Kenya near the town of Chuka. |
Kenya | Africa, East Africa | Infrastructure | December 2017 | Active |
|
Radiant Energy Ltd
This is a 40 megawatt solar PV project, located near Eldoret (approximately 300 kmn from Nairobi) in Western Kenya, which will generate power to the national grid in Kenya. It is expected to start operating towards the end of 2017. |
Kenya | Africa, East Africa | Infrastructure | December 2017 | Active |
| Chania Green Generation Ltd | Kenya | Africa, East Africa | Infrastructure | March 2018 | Active |
|
DC Frontier Energy Ltd
DC Frontier Energy Ltd is a project company focussed on developing and implementing hydropower projects in Rwanda. |
Rwanda | Africa, East Africa | Infrastructure | March 2018 | Active |
|
Eldosol Energy Ltd
The Eldosol solar projects intend to use solar PV technology to generate power to the national grid in Kenya. The projects are located close to Eldoret in Western Kenya approximately 300 km from Nairobi. |
Kenya | Africa, East Africa | Infrastructure | March 2018 | Active |
|
Olsuswa Energy Ltd
The Barrier Volcanic Complex (BVC) geothermal prospect is a greenfield site located in the northern sector of the Kenya rift, immediately south of Lake Turkana. |
Kenya | Africa, East Africa | Infrastructure | July 2018 | Active |
|
Wind for Prosperity Kenya
Wind for Prosperity is the brand name for the concept developed by Vestas Wind Systems to provide power to off-grid locations using a combination of one or more wind turbines and a diesel generator. Kenya has been identified as the most suitable country in Sub-Saharan Africa where this power solution can be developed. |
Kenya | Africa, East Africa | Infrastructure | July 2018 | Active |
| Djibouti Solar Park 1 Ltd | Djibouti | Africa, East Africa | Infrastructure | October 2018 | Active |
| Rukarara VI HPP Ltd | Rwanda | Africa, East Africa | Infrastructure | October 2018 | Active |
| Ziba Ltd | Uganda | Africa, East Africa | Infrastructure | October 2018 | Active |
|
Frontier Energy Hydropower Ltd
Frontier Energy Ltd is focussed on developing and implementing hydropower projects in Rwanda. |
Zambia | Africa, East Africa | Infrastructure | January 2019 | Active |
|
Mukoki HPP Ltd
Mukoki is a hydropower plant on River Muvumba in Mukoki Village, Uganda. |
Uganda | Africa, East Africa | Infrastructure | January 2019 | Active |
|
Bukwo HPP Ltd
The Nyamagasani 2 Hydro Power Project intends to utilise the hydro potential of the river Nyamagasani to produce a generating capacity of approximately 7 MW. |
Uganda | Africa, East Africa | Infrastructure | June 2019 | Active |
|
Enventure Africa S.A.
Enventure is a cleantech wind energy company. |
Mozambique | Africa, East Africa | Infrastructure | June 2019 | Active |
|
Range Wind Park Limited
Range Wind Park is a wind power plant in Northern Kenya designed to boost the nation's electricity supply by 13 per cent. |
Kenya | Africa, East Africa | Infrastructure | October 2019 | Active |
|
Bihongora Hydropower Ltd
Bihongora Hydropower Ltd is a subsidiary of East African Power, an integrated renewable energy development company delivering affordable reliable clean energy and operating small and medium hydro and solar power plants in sub-Saharan Africa. The company is financing and developing the Bihongora Hydroelectric Power Plant in the North West area of Rwanda. It will combine a hydropower plant with a sustainable aquaculture business and a local mini-grid. |
Rwanda | Africa, East Africa | Infrastructure | June 2020 | Active |
