The Overseas Private Investment Corporation (OPIC), the US government’s development finance institution, has committed $10 million to support the introduction of off-grid solar kits and appliances in Chad. OPIC’s loan will help FinLux Ellen Sarl distribute solar kits and appliances to individuals, schools, health clinics and small businesses in Chad, providing them with an affordable source of reliable electricity.

OPIC supports off grid solar kits in ChadThis project is the 33rd OPIC has committed to under the US Power Africa initiative and the first time OPIC has ever committed financing to a project in Chad. Chad is one of the poorest countries in the world, ranking 186 out of 189 on the Human Development Index last year.

Approximately 40% of Chad’s 15 million people live below the national poverty line and only 4% has regular access to electricity. In rural areas, electricity is particularly scarce, with only about 1% of the population having access. The solar kits and appliances that FinLux is distributing in Chad are based on a battery produced in New York State and adapted for rural electrification in sub-Saharan Africa.

“OPIC is proud of its work supporting investment in the places where it is needed most – in this case bringing development finance to an electricity project in Chad. Expanding access to electricity is one of the most effective ways to empower people, improve their quality of life and foster economic growth,” says David Bohigian, OPIC Acting President and CEO.

Image credit: https://www.opic.gov/who-we-are/people/david-bohigian


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