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UK finance for developing hydro

UK-based financial institution, the Commonwealth Develop-ment Corporation (CDC) has been celebrating 50 years of investing in infrastructure in developing countries.

With investments and commitments worth £256M in 31 countries, CDC has on-going plans to increase activities in the power industry, focusing on independent power producers, integrated utilities and trans- mission systems. Hydro power development has been one area that the corporation has been paying close attention to and it is currently involved in projects in Uganda and Ghana.

CDC, which operates primarily in Commonwealth countries, promotes private sector-led development and invests alongside national and international partners. Chief executive Roy Reynolds said: ‘Despite progress there is still much for CDC to contribute to the infrastructure of emerging economies.’