Funding for Globeleq's Temane CTT gas project
Dear British International Investment,
As you will know, BII holds a 70% stake in the company Globeleq.
Globeleq's accounts up to December 2020 state that "the Shareholders entered into
a Subscription Agreement with the Company in November 2020 to fund all the equity
required for the Temane gas project".
In response to parliamentary questions, government ministers have also stated that "Gloebleq has reported its total commitment to Temane as approximately $170 million."
Can you please confirm:
a) The total expected value of BII's commitment to Globeleq that will support the Temane project
b) Documentation of this subscription agreement including any expected schedule for the transfer of funds from BII
c) The date at which funds from BII were first transferred, or are expected to be transferred, to Globeleq or other parties in support of the Temane project.
Yours faithfully,
Daniel Willis
Thank you for your email.
It will be dealt with by a member of the team shortly or forwarded to an
appropriate colleague.
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Dear Mr Willis,
Thank you for your request for information received on Friday, 6 May 2022.
Your request is being dealt with under the provisions of the Freedom of
Information Act 2000 and we will aim to respond within 20 working days.
If you have any queries about this request, please do not hesitate to
contact us quoting reference number FOI-2022- 008.
Kind Regards,
Compliance Associate
British International Investment plc
123 Victoria Street, London, SW1E 6DE
[1]www.bii.co.uk
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Dear Mr Willis,
I am writing to advise you that the time limit for responding to your
request for information under the Environmental Information Regulations
(the Regulations), needs to be extended.
The Regulations allow us 20 working days to respond to your request from
the day after the date of its receipt. However, it is occasionally
necessary to extend the 20-working day time limit for issuing a response.
In this case, I regret that we must extend the time limit for responding
by 20 days on the basis that it is complex.
We will send a response by 5 July 2022. If the information is available
prior to this we will of course respond sooner.
If you have any queries about you request, please contact me. Please
remember to quote the reference number above in any future communications.
Yours sincerely
Compliance Associate
British International Investment plc
123 Victoria Street, London, SW1E 6DE
[1]www.bii.co.uk
[ ]
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Dear Mr Willis,
Thank you for your email dated May 6 2022.
Please find attached our response to your request for information.
Kind Regards,
Compliance Associate
British International Investment plc
123 Victoria Street, London, SW1E 6DE
[1]www.bii.co.uk
[ ]
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Dear Compliance Associate,
Thank you for your response and for the informatin that you felt able to provide, although it is a shame that you are not able to provide the subscription agreement.
Instead, would it be possible to provide the memo/documentation, including any attachments and related risk assessments, for the Temane CTT project that was approved and signed off by the BII board?
Yours sincerely,
Daniel Willis
Dear Mr Willis,
Thank you for your request for information received on July 6 2022.
Your request will be considered a new request being dealt with under the
provisions of the Environmental Information Regulation 2004. We will aim
to respond within 20 working days.
If you have any queries about this request, please do not hesitate to
contact us quoting reference number FOI-2022- 015.
Kind Regards,
Compliance Associate
British International Investment plc
123 Victoria Street, London, SW1E 6DE
[1]www.bii.co.uk
Dear Daniel,
Thank you for your request for information received on July 6 2022.
Please find attached our response.
Kind Regards,
Compliance Associate
British International Investment plc
123 Victoria Street, London, SW1E 6DE
[1]www.bii.co.uk
[ ]
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