OPIC

Let There Be Peace (and Power Africa) on Capitol Hill

Energy poverty is an endemic and crippling problem; nearly 600 million people in Africa live without access to any power, which also means no access to safer and healthier electric cooking and heating, powered health centers and refrigerated medicines, light to study at night, or electricity to run ...

Over at the Council on Foreign Relations website, Michael Levi posted a reply to our recent paper on estimating the tradeoffs between OPIC power generation investments based upon natural gas and renewable sources. We are grateful to Michael for his thoughtful comments and for ins...

Of the many outcomes in the FY2014 Omnibus Appropriations legislation, one that stood out was buried in section 7081. This provision now allows the Overseas Private Investment Corporation (OPIC) to invest in fossil fuel power projects in IDA and IDA-blend countries. In other words,&nb...