Alongside a consortium of lenders, CDC finalised a $453 million debt financing package to support the construction of a landmark hydro-electric plant in central Nepal, Upper Trishuli-1. This was led by the IFC, a member of the World Bank Group.
Bringing reliable power to Nepal will support its economic transformation. Businesses and homes across the country will benefit from stable energy generation thereby improving local livelihoods. In addition, Upper Trishuli-1 is expected to help create over 20,000 jobs in the economy across multiple sectors.
Environmental and social aspects
DFIs, including CDC, have provided significant support and guidance to ensure the project’s alignment with international E&S standards in a challenging environment. A key element of the project was the robust Free, Prior and Informed Consent (FPIC) process which involved meaningful and active engagement with indigenous communities.
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- South Asia
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
- October 2019
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.