Energy Finance & Economic Development Presented by Faris Hasan, Director of Corporate Planning OPEC Fund for International Development (OFID)
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Energy Finance & Economic Development Presented by Faris Hasan, Director of Corporate Planning OPEC Fund for International Development (OFID) Power Sector Funding Gap Set To Grow Economic Growth Better Social Services Expanding Population The Needs Funding Gap Restricted Energy Capacity Low Efficiency High Costs & Inadequate Tariffs The Obstacles Challenges And Common Features Rural Households Village Workshop Upfront Costs Power Plants Payback Periods Affordability & Reliability Distribution Transmission Sustainable Rural Electrification Resources & Efficiency Grid Extensions Income Generating Activities Technology & Finance Off-Grid Solutions Responses To The Funding Gap DFIs Increasing Investment In Developing Countries South-South Cooperation Active in Africa’s Energy Sector Devotes 20% of Commitments to Energy / Launched New Energy Grants Leverage DFI Collaboration Major Opportunities In Energy Sector Working Together DFIs Can Act As Catalyst By Boosting Project Credit Quality To Mitigate Risk Leverage Scarce Private Capital Diversify DFI Risk Portfolio Public Private Partnerships Conclusions Encourage Effective & Sustained Leadership Let Available Resources & Efficiency Determine Technology DFIs Can Collaborate & Diversify To Leverage Capital & Manage Risk Financing The Power Sector Is An Excellent Opportunity For Private Investors Goal Is Sustainable Productive Activity Public Sector Private Sector Trade Finance Grants E N E R G Y A C C E S S S U S T A I N A B L E D E V E L O P M E N T