In 2016, CDC co-led an $83 million debt financing package for Amandi, our first debt power investment in Africa acting as co-lead arranger.
The investment was awarded the PFI African Power Deal of the Year, as well as the IJ Global African Power Deal of the Year 2016.
Energy and peak power demand in Ghana is forecast to double between urbanisation. The Amandi project will help alleviate Ghana’s power challenges, where insufficient cost-effective supply has resulted in regular outages.
The plant will be constructed over a two-and-a-half-year period, providing hundreds of construction jobs.
Once operational, it will produce a competitively priced base load supply and enough electricity to power over 120,000 modern homes and businesses in the region.
This will help to increase business productivity, indirectly creating employment opportunities for an estimated 68,000 people.
Environmental and social aspects
CDC is working with Amandi and other lenders to ensure that international environmental and social standards are implemented during the construction period and in the company's day-to-day operations.
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- Africa, West Africa
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.
- 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 CDC committed capital to the business or project.
For funds, this is the date that CDC committed capital to the fund.
For underlying fund investments, this is the date that the fund invested capital into the business.e
- December 2016
For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).
For funds, this is the total amount that CDC has committed to the fund.
This is the investee company’s place of incorporation; or a fund’s jurisdiction.