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Blog Category: U.S.-Africa Leaders Summit
As a
follow-up to the series of Power Purchase Agreement (PPA) consultations
conducted in the United States and East and West Africa this summer, the Commerce
Department hosted Driving Investment in Power Africa program on the
sidelines of the U.S. Africa Leaders’ Summit. The Commerce Department event was
coordinated by the Office of General Counsel Front Office, Commercial Law
Development Program of the Department’s General Counsel’s Office in partnership
with the Initiative for Global Development (IGD) and the US Agency for
International Development. The program brought together investors in the
African power market and U.S. and African government officials to discuss the
role of U.S. government agencies in facilitating investment in power in Africa.
The first draft of CLDP’s Guide to Understanding Power Purchase Agreements
was also presented at the workshop.
The
dynamic mix of participants in the Driving Investment program engaged in
a productive dialogue before a standing-room only crowd. Julie Wenah of the
Office of the General Counsel welcomed the participants and General Counsel
Kelly Welsh provided opening remarks. State Department Deputy Assistant
Secretary Robert Ichord gave an overview of President Obama’s Power Africa
initiative and USAID Power Africa Policy Coordinator Roseann Casey highlighted
the broad array of US government support within Power Africa.
International Trade Administration Deputy Assistant Secretary Matthew Murray
stressed the role of power in driving increased investment in Africa, as well
as the Department of Commerce’s commitment to facilitating trade and investment
by U.S. companies in Africa.
Honored
guests included Niger Minister of Commerce for Promotion of the Private Sector,
Alma Oumarou and Rwanda Former Minister of Infrastructure, Professor Silas
Lwakabamba. Also, three business delegation leaders from Secretary Pritzker’s
May 2014 West Africa Trade Mission attended: Yolanda Parker of The Parker Group
LLC, Kevon Makell and David Ellis of SEWW Energy.The highlight of the program
was a roundtable discussion featuring a panel of CEOs of private-sector
developers and lenders with additional contribution from the African government
delegates in attendance.