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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 being hosted around the world in the coming months in support of President Obama’s Power Africa initiative aimed at addressing the severe energy poverty in Sub-Saharan Africa, where about 600 million people – roughly the combined population of western Europe, Japan and South Korea – have no electricity. Power Africa aims to help Africa develop its extensive energy resources, with the help of private investors and is generating growing attention from government officials and businesses. Energy ministers from 30 African countries are expected to attend the meeting in Ethiopia this week.

Littlefield will join a June 4 discussion on the progress and goals of Power Africa, along with USAID Director Rajiv Shah, Kenyan Secretary of Energy Davis Chirchir, and Nigerian Minister of Power Chinedu Nebo. OPIC, which has long supported projects to boost electricity generation in Africa, has committed up to $1.5 billion in financing to support the Power Africa Initiative and last week committed up to $250 million in financing to the Lake Turkana Wind Power project in rural Kenya, its first large-scale Power Africa commitment.

Later in the month, OPIC Vice President of External Affairs Judith Pryor will speak at the Africa Energy Forum in Istanbul, outlining OPIC’s commitment to Power African in a panel titledAmerican Investors Present their 2014/15 strategy. She will be joined on the panel with representatives from the Export-Import Bank of the United StatesU.S. Trade & Development AgencyU.S. Agency for International DevelopmentMillennium Challenge Corporation andGreenberg Traurig.

Here are a few of the other upcoming events on Power Africa.

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