This investment was made when British International Investment was named CDC Group.
| Impact |
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| How? |
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CDC's investment will fund the development of the wind farm supporting the decarbonisation of Pakistan's energy mix and helping to meet growing electricity demand. Increasing the supply and reliability of power has evidenced positive effects on firm growth and employment, and quality of life. CDC's investment will also reduce coal and fossil fuel imports by 0.1 per cent (or c. $10.7 million), helping to relieve pressure on foreign exchange reserves. |
| Stakeholder | Geography | Characteristics |
|---|---|---|
| Planet |
Global |
N/A |
| Employees |
Pakistan |
Other (power will support employees primarily in manufacturing, construction, transport and agriculture sectors expected to be low to middle-income). |
| Customers |
Pakistan |
Other (71 per cent of people in Pakistan have access to electricity). |
| Scale | Depth/Duration |
|---|---|
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| Grid Score | Contribution |
|---|---|
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3.98 To help us direct our investments, we use a tool called the Development Impact Grid. The Grid scores every investment we plan out of a score of four, based on two factors: the difficulty of investing in the country and whether investment in that sector will lead to jobs. |
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| Risk |
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External: to maximise the investment's full impact potential, simultaneous progress is required by the electricity transmission and distribution grid to reduce power losses. |
Environmental and social aspects
CDC worked with the sponsors to procure support from international environmental and social (E&S) advisors in the design of the farms which resulted in the mitigation of biodiversity impacts. CDC also worked with the sponsor to build and retain appropriate capacity to manage E&S issues. This work is continuing as the project companies move towards closure of environmental and social action plan items ahead of first disbursement.
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.
- South Asia
- Countries:
- Pakistan
- 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.
- Infrastructure
- Investment type
:
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Direct Debt
- 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
- November 2019
- 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.
- $27.2m
- Domicile
:
This is the investee company’s place of incorporation; or a fund’s jurisdiction.
- Pakistan
