The OPIC Blog

Archive for the 'Events' Category

Momentum builds around the world for Power Africa initiative

OPIC President and CEO Elizabeth L. Littlefield will join a large group of senior U.S. and African officials this week at the U.S.-Africa Energy Ministerial (AEM) in Addis Ababa, Ethiopia to talk about the progress that has been made to date on President Obama’s Power Africa initiative and the path forward. The event is one of a series of gatherings Read more…

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OPIC and ACORE Team Up

by Lynn Tabernacki, OPIC’s Managing Director for Renewable Energy and Sustainable Development This month, on April 24-25, the American Council on Renewable Energy (ACORE) will host one of its signature events for renewable energy investors interested in Latin America – the Renewable Energy Latin America and Caribbean Conference and Exhibition (RELACCX) in San Juan, Puerto Rico. OPIC is excited to Read more…

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Spotlight on OPIC Impact Award winners: ContourGlobal

Over the course of four decades addressing major world development challenges, OPIC has focused on different sectors, but infrastructure has been a constant. Power plants, airports and clean water facilities literally lay the foundation for future improved living standards, business activity, and overall economic growth and stability. At its March 11 Impact Awards, OPIC awarded the Critical Infrastructure Award to Read more…

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Spotlight on OPIC Impact Award winners: Helios Investment Partners

In addition to the direct financing OPIC provides to many projects in emerging markets, the Agency also supports development by providing financing to privately-owned and managed equity funds investing in emerging markets. These funds serve multiple roles from providing capital to up-and-coming companies and guiding strategic decisions in rapidly changing markets to advising on best practices in management and information Read more…

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Spotlight on OPIC Impact Award winners: Ellicott Dredges

Small businesses comprise the majority of all firms in the U.S. economy, and are powerful engines of job creation at home as well as drivers of development, innovative solutions, and economic efficiency in scores of developing nations. Small businesses can also face far tougher challengers than established multinationals when they do business abroad, so it is both fitting and instructive Read more…

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Spotlight on OPIC Impact Award winners: SunEdison

On a quiet plain in the rural center of South Africa sits a small town called Boshof. It’s far from the bustling cities of Cape Town and Johannesburg, and hundreds of miles from the dramatic, hilly coastline of the Cape of Good Hope. But Boshof, in the country’s underdeveloped Free State, is the site of a major project to generate Read more…

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Big visions, greater rewards – a look at the OPIC Impact Awards

By Judith Pryor Vice President, Office of External Affairs, Overseas Private Investment Corporation It’s hard to believe that the inaugural OPIC Impact Awards ceremony, which was held Tuesday, March 11, has already come and gone. I couldn’t think of a better way to showcase all that the Overseas Private Investment Corporation embodies than by honoring the outstanding work of several Read more…

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Featured Photo: ContourGlobal’s Togo power plant, winner of OPIC’s Impact Award for Critical Infrastructure

Inside the 100 megawatt Lomé Thermal Power Plant in Togo, which was completed in 2010 with the support of OPIC financing and political risk insurance. The project was one of the largest investments ever made in the Republic of Togo and it succeeded in tripling the country’s energy generation capacity and significantly reducing rolling blackouts. During the Impact Awards ceremony Read more…

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Who are the heroes of sustainable development?

Our friends at the ONE Campaign joined us in celebrating this week’s OPIC Impact Awards. This post, which originally ran their blog, promotes sustainable development, which comprises an impressive portion of OPIC’s portfolio. In 2013, the Agency supported a record $1.2 billion in renewable energy projects, including in the wind, solar, hydro-power and biomass sectors. Often, creating sustainable development projects Read more…

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OPIC’s Impact Awards: A recap in photos

OPIC’s March 11 inaugural Impact Awards ceremony was a big success and helped us highlight the ways our clients are making a difference around the world. In this post we showcase the winners. Global Partnerships: Access to Finance Award OPIC loan recipient Global Partnerships, one of the three clients awarded the Access to Finance award, facilitates small microfinance loans in Read more…

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