Benin Power Compact Signing Ceremony

Wednesday, September 9, 2015 from 5:00 pm to 5:45 pm

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 YayiPresident, Republic of Benin
  • The Honorable Joseph R. Biden, Jr.Vice President of the United States of America
  • The Honorable Komi KoutchéMinister of Finance, Republic of Benin
  • The Honorable Dana J. HydeChief Executive Officer, Millennium Challenge Corporation

Location

Eisenhower Executive Office Building, Indian Treaty Room
1650 Pennsylvania Avenue, NW
Washington, DC 20502

Related Country Programs

  • Benin Power Compact

    The $375 million, power-sector-focused compact with Benin entered into force on June 22, 2017. The compact includes MCC's largest investment in solar power and its largest off-grid electrification project.