Delegation visits OPIC project in Togo during AGOA Forum
In Togo, a delegation led by U.S. Trade Representative Robert Lighthizer visits the OPIC-supported ContourGlobal Lomé Thermal Power Plant. Last week the United States and Togo hosted the African Growth and Opportunity Act (AGOA) Forum, an annual gathering that this year focused on the U.S. and Africa partnering for prosperity. Togo is the site of a groundbreaking infrastructure project that OPIC supported to dramatically increase access to electricity.
In 2008, OPIC committed financing and political risk insurance to New York-based ContourGlobal for the 100 megawatt tri-fuel Lomé Thermal Power Plant, tripling Togo’s energy capacity. The plant was designed to run on a variety of fuels including low-sulfur heavy fuel oil, light fuel oil, and natural gas, depending on what is available. In addition to providing critical, reliable electricity to Togo, the Lomé plant has spurred investment and development, the procurement of local goods and services, as well as goods produced in the United States.