David Bohigian, executive vice-president of Overseas Private Investment Corporation (OPIC), has met Togolese Prime Minister Komi Klassou and toured an OPIC-supported power plant that aims to triple the country’s energy supply
ContourGlobal, the US-based company, built the Lomé Thermal Power Plant in Togo with financing and political risk insurance from OPIC, the US Government’s development finance institution. One of the largest investments ever made in Togo, it succeeded in bolstering the country’s energy generation capacity and reducing rolling blackouts.
During his visit, Bohigian also visited a local school in Lomé that has received support from ContourGlobal’s social projects division. He also highlighted the activities of Mo-Lab, a mobile STEM learning center, which is a US Embassy Lomé initiative created in partnership with ContourGlobal.
Bohigian will continue his travel to Cameroon where he will visit the Magrabi ICO Cameroon Eye Institute which provides affordable eye care procedures.
In December 2017, Donald Trump, President of the USA, highlighted the need for a modernised approach by the US government to develop finance to help promote economic relationships and increase investment in regions important to American interests.