January 31, 2014
Hot steam is transmitted by pipeline at the Ormat geothermal plant in Kenya, a major source of renewable energy generation, which was recently expanded with the support of OPIC financing. In the foreground, plant managers meet with Hal Connolly, senior advisor for energy and the environment, to Senator Bob Menendez (D-NJ), Chair of the Senate Foreign Relations Committee. Connolly was
January 17, 2014
OPIC President Elizabeth Littlefield holds a press conference in Accra, Ghana following a meeting with Ghana’s Vice President, Kwesi Amissah-Arthur. Littlefield traveled last month with an OPIC delegation to Ghana, Senegal and Liberia, where she toured OPIC-supported projects and met with government and business leaders to discuss development investment opportunities.
December 20, 2013
A teacher at one of Bridge International Academies’ schools in rural Kenya delivers a lesson via a tablet computer. OPIC is supporting Bridge’s expansion in Kenya with a $10 million loan. Bridge’s innovative model for educating large numbers of poor children is based on a standardized curriculum that each teacher accesses from an electronic device. NPR recently described the model
December 13, 2013
Elizabeth Littlefield, OPIC President and CEO (pictured with Judith Pryor, OPIC Vice President, Office of External Affairs) testified December 11 on Capitol Hill about OPIC’s success supporting development and U.S. foreign policy in developing nations, while also generating income for deficit reduction.
December 06, 2013
OPIC President and CEO Elizabeth Littlefield meets with Macky Sall, President of Senegal, while traveling with an OPIC delegation to West Africa. Africa has become a region of increased focus for OPIC in recent years and will play a key role in the U.S. Power Africa initiative to double access to electricity on the continent.
November 22, 2013
A rendering of SunEdison Inc.’s planned 50.7 megawatt San Andres solar power plant in Chile. This week SunEdison, OPIC and IFC, a member of the World Bank Group closed a $100.4 million project financing arrangement for the plant, which will be located in the Atacama region of Chile. OPIC is providing $62.9 million of the financing. Read more.
November 15, 2013
OPIC labor and human rights analyst Tara Guelig visits the Pannonia Ethanol Zrt. project in the rural town of Dunaföldvár, Hungary during a recent trip to monitor the project. OPIC in 2010 approved a $60 million loan to support construction of the plant, which has created 100 local jobs and introduced state-of-the-art ethanol production in Hungary, while doubling the country’s
November 08, 2013
This photo, one of the winners of the recent Feed the Future photo contest, shows a farmer in northern Ghana who was able to improve yields by more than 65 percent by using a dibbler to more efficiently make holes in the ground during planting. OPIC supports Feed the Future, the U.S. Government’s global hunger and food security initiative, and
October 25, 2013
A shortage of affordable public transportation in Liberia’s capital city has forced many residents to rely on taxis and overcrowded jitneys. A $1 million OPIC loan to NuStrata Logistics LLC of Mount Laurel, New Jersey is supporting the expansion of the start-up Lizard Bus line, named for the red-headed Agama lizard that is indigenous to West Africa and a symbol
October 18, 2013
Inter-Mac International Inc., which used OPIC financing to build a community of affordable homes on Choloma, Honduras, also built a number of community services on site, including an elementary school. See more pictures from this housing project in our Facebook photo album.