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Featured photo: An award-winning OPIC project breaks ground

American business, Emerging markets, Overseas, OPIC, Impact investing, World development, Infrastructure, Investments, Political Risk Insurance, Entrepreneurs, Private sector, Finance, Developing countries, Improving, Investing

 

​​​​​​​In Aboadze, a coastal city in Western Ghana, construction gets underway on a 200 MW combined cycle gas turbine power plant, which is being built with the support of OPIC financing and political risk insurance. The power plant is one of multiple projects OPIC supports to help expand access to electricity in Sub-Saharan Africa, where more than half the population lacks access to electricity and this widespread shortage constrains quality of life and economic growth. The project was recognized as African Power Deal of the Year in 2016 by Project Finance International, which recognized OPIC for playing a pivotal role in the transaction. Learn more​​​​​​​

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