ContourGlobal Receives $37.8 Million in Insurance From OPIC for Combined Heat and Power Plants in Nigeria
The projects supported by the OPIC political risk facility are, a 4 megawatt CHP plant in Ikeja, a 1.2 megawatt plant in Apapa, and a 3.6 megawatt plant in
The project is the latest initiative in an ongoing partnership between ContourGlobal and OPIC. In
In April, OPIC's Board of Directors approved up to
"We are very pleased to have broken ground on these highly innovative facilities and we look forward to working with OPIC as we continue our power development activities in
OPIC President and CEO
About ContourGlobal
CG Solutions is a wholly owned subsidiary of ContourGlobal, a power and energy operating and development company headquartered in
ContourGlobal develops and operates electric and combined heat and power businesses for both governments and multinational companies, and focuses on high-growth, under-served markets as well as innovative niches within developed markets – such as renewable energy and Combined Heat and Power.
Visit ContourGlobal on the web at www.contourglobal.com
About OPIC
OPIC was established as an agency of the U.S. government in 1971. It helps U.S. businesses invest overseas, fosters economic development in new and emerging markets, complements the private sector in managing risks associated with foreign direct investment, and supports U.S. foreign policy. Because OPIC charges market-based fees for its products, it operates on a self-sustaining basis at no net cost to taxpayers.
OPIC's political risk insurance and financing help U.S. businesses of all sizes invest in more than 150 emerging markets and developing nations worldwide. OPIC projects have also generated
Visit OPIC on the web at www.opic.gov.
SOURCE ContourGlobal
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