Despite strong economic growth, per capita consumption of electricity in Benin is among the world’s lowest because of limited access to and availability of electricity for the country’s 14.2 million people, with deep disparities between urban and rural areas. Approximately one-third of Benin’s population has access to electricity while only 18 percent of people living in rural communities have access to power. Those with access to electricity often face outages and unstable voltage.
In 2015, MCC partnered with the Government of Benin to implement the $391 million Benin Power Compact, to strengthen power sector regulation and utility operations, increase grid capacity and reliability, attract private sector investment into solar power generation and increase access to electricity for rural and underserved communities through off-grid solar power solutions.
MCC is proud to have partnered with the Government of Benin to strengthen the national power grid, improve utility management, attract private sector investment into solar power generation, and by bringing power to rural and underserved communities. Together we have built a foundation for a brighter, more equitable, and sustainable future in Benin. #EnergyEquals #MCCinBenin #USinBenin
#EnergyEquals business growth! In 2015, MCC partnered with the Government of Benin to implement the $391 million Benin Power Compact, to strengthen power sector regulation and utility operations, increase grid capacity and reliability, attract private sector investment into solar power generation and increase access to electricity for rural and underserved communities through off-grid solar power solutions.
Many businesses, schools, households, and communities are now benefiting from more reliable and affordable access to power. All told, the compact is projected to benefit more than 11 million people over the next 20 years.
Improving the reliability of electricity in Benin required investments in the capacity of the national electrical grid, especially in the economic capital of Cotonou, as well as areas of northern and central Benin.
MCC tripled the capacity of Benin’s national power grid through the construction or rehabilitation of 19 substations and nearly 546 miles of new or upgraded power lines. In addition, MCC built a new national dispatch center for power distribution, connecting 41 substations nationwide to improve electricity reliability for millions people. #MCCinBenin #USinBenin
Nearly two-thirds of Benin’s population of 14.2 million people does not have electricity. MCC has helped close this gap by supporting sector reforms and investing in public-private partnerships.
MCC paved the way for private investment in off-grid power systems in Benin by supporting a national policy, strategy, master plan and regulatory framework for off-grid electrification. These reforms, the first of their kind in West Africa, gave private companies the confidence to invest in providing renewable power systems to unserved areas. MCC multiplied the impact of its $19 million in grant funding by leveraging another $30 million in this private investment in off-grid power systems.
The result: more than 185,000 people now have electric power in their homes or businesses, many for the first time. An additional 110,000 people are expected to benefit from the construction of 55 solar mini-grids across the country by the end of the year. These investments are the largest that the U.S. has made to date in off-grid electrification in a single country and will enable the delivery of water and other essential public services, provide businesses the confidence to make new investments, allow children to study in the evenings, permit women and girls to walk home safely at night, and clinics to refrigerate vaccines and enhance nighttime patient care.
Despite strong economic growth, per capita consumption of electricity in Benin is among the world’s lowest because of limited access to and availability of electricity for the country’s 14.2 million people, with deep disparities between urban and rural areas. Approximately one-third of Benin’s population has access to electricity while only 18 percent of people living in rural communities have access to power. Those with access to electricity often face outages and unstable voltage.
In 2015, MCC partnered with the Government of Benin to implement the $391 million Benin Power Compact, to strengthen power sector regulation and utility operations, increase grid capacity and reliability, attract private sector investment into solar power generation and increase access to electricity for rural and underserved communities through off-grid solar power solutions.
MCC is proud to have partnered with the Government of Benin to strengthen the national power grid, improve utility management, attract private sector investment into solar power generation, and by bringing power to rural and underserved communities. Together we have built a foundation for a brighter, more equitable, and sustainable future in Benin. #EnergyEquals #MCCinBenin #USinBenin
#EnergyEquals business growth! In 2015, MCC partnered with the Government of Benin to implement the $391 million Benin Power Compact, to strengthen power sector regulation and utility operations, increase grid capacity and reliability, attract private sector investment into solar power generation and increase access to electricity for rural and underserved communities through off-grid solar power solutions.
Many businesses, schools, households, and communities are now benefiting from more reliable and affordable access to power. All told, the compact is projected to benefit more than 11 million people over the next 20 years.
Improving the reliability of electricity in Benin required investments in the capacity of the national electrical grid, especially in the economic capital of Cotonou, as well as areas of northern and central Benin.
MCC tripled the capacity of Benin’s national power grid through the construction or rehabilitation of 19 substations and nearly 546 miles of new or upgraded power lines. In addition, MCC built a new national dispatch center for power distribution, connecting 41 substations nationwide to improve electricity reliability for millions people. #MCCinBenin #USinBenin
Nearly two-thirds of Benin’s population of 14.2 million people does not have electricity. MCC has helped close this gap by supporting sector reforms and investing in public-private partnerships.
MCC paved the way for private investment in off-grid power systems in Benin by supporting a national policy, strategy, master plan and regulatory framework for off-grid electrification. These reforms, the first of their kind in West Africa, gave private companies the confidence to invest in providing renewable power systems to unserved areas. MCC multiplied the impact of its $19 million in grant funding by leveraging another $30 million in this private investment in off-grid power systems.
The result: more than 185,000 people now have electric power in their homes or businesses, many for the first time. An additional 110,000 people are expected to benefit from the construction of 55 solar mini-grids across the country by the end of the year. These investments are the largest that the U.S. has made to date in off-grid electrification in a single country and will enable the delivery of water and other essential public services, provide businesses the confidence to make new investments, allow children to study in the evenings, permit women and girls to walk home safely at night, and clinics to refrigerate vaccines and enhance nighttime patient care.
The MCC CEO, Alice Albright, departed Marrakech, Morocco today after leading the U.S. delegation at the 14th U.S.-Africa Business Summit — an event to catalyze increased two-way trade and investment as well as strengthen partnerships with governments, multilateral organizations, and private sector partners across the African continent.
Learn more:
https://www.mcc.gov/news-and-events/release/mcc-ceo-departs-u-s-africa-business-summit
At MCC, we embrace collaboration, apply and share lessons learned, bring out the best in ourselves, are transparent, and listen to each other. Sound like a work culture you'd enjoy?
Check out our open positions.
For more info on our values, visit: http://ow.ly/E7CX50JbmRC
#hiring #careers #inclusive
Stronger roads mean safer conditions for travelers, less vehicle wear and tear, and lower transport costs for people and businesses. The MCC Nepal Compact will help create a network of smoother, longer-lasting, and sustainable roads along the East West Highway. U.S. Embassy, Nepal #nepal
In episode two of "On Development," MCC's relaunched podcast, Deputy Chief Executive Officer Alexia Latortue continues her conversation with Dr. Donald Kaberuka, renowned economist and Co-chair of the United Nations Secretary-General’s High-Level Panel on Internal Displacement. This episode focuses on private sector investment and the African Continental Free Trade Area. Listen in and let us know what development topics you'd like to see MCC cover! https://www.mcc.gov/news-and-events/podcast/episode-062421-kaberuka-pt2
It’s here! MCC has officially launched its new podcast series #DevelopmentMatters. Check out Episode 1 - MCC’s Deputy CEO Alexia Latortue speaks with Dr. Donald Kaberuka, the former President of the African Developmental Bank, and a special envoy for the African Union to mobilize international economic support for the fight against COVID-19.
In this episode, Dr. Kaberuka discusses the intersection between global health security and global health equity, and how COVID-19 has had a disproportionate effect on Africa. With decades of experience in economic development, Dr. Kaberuka has a keen insight on how Africa can recovery and continue to grow. #AfricaDay202
https://www.mcc.gov/podcast
“Congratulations to the Liberian Government, President George Weah, MCC, and the Liberian people for the successful completion of the $257 million compact… I am thrilled to see how #MtCoffee has returned to productivity. The #MCCLiberia Compact has doubled the amount of power available to the Liberian people and those improvements have made possible lowered costs and more reliable energy for the people of Liberia and its economy.” – U.S. Senator Chris Coons of Delaware
https://www.mcc.gov/news-and-events/feature/liberia-closeout?utm_source=fb&utm_medium=social&utm_campaign=liberia-close
Join MCC, Millennium Challenge Account Liberia, U.S. Ambassador to the U.N. Linda Thomas Greenfield, U.S. Senator Chris Coons, Congressman David Price, U.S. Ambassador Christine Elder, U.S. Embassy Monrovia, Liberia, and the Liberian Government as we celebrate the successful completion of the #MCCLiberia Compact!
This investment by the American people more than doubled access to reliable #power and #water to the 1.1 million residents of #Monrovia.
Together we have laid the foundation for economic growth, poverty reduction, and a #BrighterFuture for all Liberians. https://www.mcc.gov/news-and-events/feature/liberia-closeout?utm_source=fb&utm_medium=social&utm_campaign=liberia-close
#PovertyReduction #EconomicGrowth #MCCemPOWERS
MCC is proud to join the Biden-Harris Administration in the fight against #ClimateChange. #MCC will expand and deepen a commitment to address climate change challenges across our investment portfolio and business operations. Acting decisively is both a moral and economic imperative. #RestoreOurEarth #LeadersClimateSummit #RoadtoGlasgow #EarthDay2021
🌍Learn more about MCC’s Climate-Smart Development: www.mcc.gov/about/priority/climate?utm_source=fb&utm_medium=social&utm_campaign=climate-week-21
El Salvador Investment Compact Event
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