Benin Power Compact Signing Ceremony
Wednesday, September 9, 2015 from 5:00 pm to 5:45 pm
Benin Power Compact Signing Ceremony
Benin Minister of Finance Komi Koutche and MCC CEO Dana J. Hyde sign the $375 million Benin Power Compact in the presence of Benin President Dr. Thomas Boni Yayi and U.S. Vice President Joe Biden on Wednesday, Sept. 9, 2015, in Washington.
On September 9, 2015, MCC and the Government of Benin signed a five-year, $375 million compact. This compact will include a contribution of an additional $28 million from the Government of Benin. The Benin Power Compact seeks to unlock private investment by supporting policy reforms and investing in electricity generation, distribution and off-grid electrification. The Benin Compact is MCC’s latest contribution to Power Africa, advancing the goals of increasing electricity generation and access in sub-Saharan Africa, and combating climate change through $175 million for renewable energy capital works and policies.
Participants
- His Excellency Dr. Thomas Boni Yayi, President, Republic of Benin
- The Honorable Joseph R. Biden, Jr., Vice President of the United States of America
- The Honorable Komi Koutché, Minister of Finance, Republic of Benin
- The Honorable Dana J. Hyde, Chief Executive Officer, Millennium Challenge Corporation
Location
Eisenhower Executive Office Building, Indian Treaty Room
1650 Pennsylvania Avenue, NW
Washington, DC 20502