Year in review: OPIC’s top blog posts of 2014
OPIC extended its work addressing major world development challenges in 2014, supporting projects to build power plants and other major infrastructure, increase access to food and clean drinking water, introduce cleaner sources of energy, improve the quality of healthcare and help individuals lift themselves out of poverty by providing affordable mortgages to build stable homes and small businesses.
We’re recapping the year with a look at some of the top posts from The OPIC Blog.
1. Shining a light on Africa’s future
With a long history of supporting electricity plants in Africa, OPIC understands that powering Africa is not only possible, it is a major business opportunity for U.S. businesses like Nevada-based Ormat Technologies Inc., which operates the Olkaria plant in Kenya. Read more
2. 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. This post showcases the Impact Award winners. Read more
3. Power Africa one year later: Our work is just beginning
The number of people in Africa who essentially live in the dark exceeds the population of the United States, South America and Europe – combined. The problem will not be fixed overnight, but the U.S. Power Africa initiative has had a very productive first year. Read more
4. The little document that makes a big difference in project finance
OPIC worked with other U.S. Government agencies to develop 10 Elements of a Bankable Power Purchase Agreement (PPA), a long-term agreement between a power producer – such as a privately-funded power plant – and an offtaker – such as a country’s government – that distributes electricity to the population. In any market, but especially emerging ones, these agreements are needed to ensure fair and viable pricing for these large-scale projects. Read more
5. Video: Changing lives through development
Hear from OPIC Impact Award winners in their own words about the challenges they have addressed around the world, and the way OPIC has supported their work. Read more