Tag: OPIC
Egypt Energy Headlines

Egypt Gets $87 million from OPIC to support Ras Gharib wind farm project

North Africa PostComments Off on Egypt Gets $87 million from OPIC to support Ras Gharib wind farm project

The US government’s development finance institution, the Overseas Private Investment Corporation (OPIC), has approved an $87 million loan to Lekela Egypt Wind Power BOO. According to local media, Lekela Egypt Wind Power BOO, a subsidiary of Lekela Power, an independent power producer (IPP) based in Amsterdam, Netherlands, will use the loan to develop the Ras […]
Africa Energy Headlines International

Chad’s renewable energy revolution is well underway

North Africa PostComments Off on Chad’s renewable energy revolution is well underway

The government of Chad, which currently supplies just 4% of its population with electricity, continues to explore off-grid solutions to power its 14 million population. After it signed an agreement with Dubai energy company Amea Power to build a 120 MW solar farm earlier this year, the sub-Saharan nation has inked another MoU with FinLux […]
Emerging Markets Features

Abraaj Capital and OPIC agree on joint venture

North Africa PostComments Off on Abraaj Capital and OPIC agree on joint venture

As Egypt works towards rejuvenating its economic activities through partnership and encouraging foreign investments, a joint venture was announced by US Deputy Secretary of State for Management and Resources, Thomas Nides, between one of the regions’ biggest investment institution in Egypt, Abraaj Capital, and the US Overseas Private Investment Corporation (OPIC) with plans to invest […]