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Featured Photo: Illuminating remote Indian villages with solar power

June 26, 2015

Children do their school homework under a solar light provided by Simpa Networks, a Seattle company and OPIC client that used OPIC financing to introduce affordable solar power technology in remote Indian villages. Last month Simpa Networks received the 2015 OPIC Impact Award for excellence in development in the Renewable Energy category.

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Focus on OPIC Impact Award winners: Simpa Energy India Ltd.

May 28, 2015

When you expand access to energy, you expand access to opportunity. That was the founding premise of Simpa Energy India Ltd., a provider of solar-as-a-service in rural India, which OPIC recognized May 19 with an Impact Award recognizing excellence in development, in the renewable energy category. Simpa was one of seven OPIC clients honored with Impact Awards last week and
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Focus on Caspian Impact Investments: One of OPIC’s 2014 impact investments

April 28, 2015

In its work to foster broad development impact and economic growth, OPIC seeks to support projects that deliver inclusive benefits such as basic financial services to populations that have traditionally been unable to obtain loans to save, buy a home or fund a business venture. Over the last two decades India has developed into one of the largest economies in
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Obama highlights OPIC’s role supporting development in India

January 27, 2015

President Barack Obama this week highlighted OPIC’s work supporting lending to small and medium businesses in India, when he spoke at the U.S. India Business Council. Obama, who visited India along with OPIC President Elizabeth Littlefield to mark the anniversary of India’s independence, said that OPIC financing would support lending in many of India’s rural and urban regions that are
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Democracy and progress in India

January 26, 2015

By Elizabeth L. Littlefield President and CEO, Overseas Private Investment Corporation This post also appeared on The White House Blog. Sixty-five years ago this week, India’s post-independence democratic constitution went into effect, paving the way for the country to become not only a democracy but the world’s largest democracy. Today, as a country of well over a billion people encompassing
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Featured photo: Bringing power to rural India

January 23, 2015

This photograph depicts a few of the more than 400 million people in India who live in remote villages with limited access to electricity. OPIC financing is helping Simpa Networks introduce home solar kits that are affordable and easy to use. January 26 is Republic Day in India, marking 68 years since India’s constitution came into effect, paving the way for
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Business as a force for good: OPIC celebrates another banner year

December 19, 2014

  Simpa Networks, a new OPIC client is working to provide solar power to tens of thousands of rural Indians. OPIC this week announced fiscal year financial results showing another strong year in 2014, including $3 billion in financing and insurance commitments in emerging markets, which mobilized an additional $3.2 billion in private-sector investment. OPIC also extended its longstanding track
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Featured photo: Illuminating rural villages in India

October 10, 2014

A snack shop owner in a small town near Mangalore, India gets electricity to light the store from a simple pay-as-you-go solar system provided by Simpa Energy India Ltd., a subsidiary of Simpa Networks of Seattle. OPIC recently committed a $3 million loan to Simpa to support the introduction of up to 50,000 new solar systems in rural parts of
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OPIC project’s value commended at USGLC talk

February 14, 2014

The U.S. Global Leadership Coalition highlighted OPIC client Husk Power during a talk last month about the value of positive economic engagement in advancing foreign relations. Husk’s founders used an OPIC loan to introduce a series of mini-power plants in remote regions of India. “Today in India, 200,000 people now have electricity because of this project,” USGLC Executive Director Liz
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Beyond BRIC: The next economic giants

January 15, 2014

  It’s been 13 years since economist Jim O’Neill coined the term BRIC to refer to the four developing countries (Brazil, Russia, India and China) enjoying strong economic growth and promise rivaling or surpassing that seen in the developed world. Since then, many countries beyond the BRIC four have also started enjoying accelerated growth and economic promise in the developing
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