Gridworks Development Partners LLP

Africa Infrastructure

Gridworks is a company dedicated to developing and investing in transmission, distribution and off-grid electricity infrastructure primarily in Africa. The company was launched by CDC Group in 2019.

Our investment

CDC's investment is to fund pipeline and portoflio management.

Expected impact

Gridworks will help accelerate the provision of reliable and affordable electricity to people and businesses, primarily in Africa.

The company aims to do this by working with governments, multilateral organisations and other investors to develop and invest in critical electricity network infrastructure.

Environmental and social aspects

CDC is 100% shareholder and we have embeded ESG principles into the company from the outset. In particular, health and safety is a core part of the approach when assessing opporutunities and working with portfolio companys.

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
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 Equity
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

:
August 2019
Amount

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.

:
$11.78m
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Ukraine