Sec. 107. Prioritization of assistance for power projects in sub-Saharan Africa by the Overseas Private Investment Corporation
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The Overseas Private Investment Corporation should, as appropriate— prioritize support for private sector investments in the power sector of sub-Saharan Africa, including in renewable energy, that will— maximize the number of people with new access to power and power services; improve and expand the transmission and distribution of power and off-grid lighting and power solutions; provide reliable power to people and businesses in urban and rural communities; address the energy needs of people living in areas where there is little or no access to a power grid; reduce transmission and distribution losses and improve end-use efficiency and demand-side management; and reduce energy-related impediments to business productivity and investment; implement procedures for expedited review of and, where appropriate, approval of, applications by eligible investors (as defined in section 238 of the Foreign Assistance Act of 1961 ( 22 U.S.C. 2198 )) for loans, loan guarantees, and insurance for such investments; encourage small- and medium-sized enterprises and cooperative service providers to participate in energy investment activities in sub-Saharan Africa; and publish information on the effects of its energy investments on development in sub-Saharan Africa.
Nothing in this section shall be construed to authorize modifying or limiting the portfolio of the Overseas Private Investment Corporation in other developing regions.
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- 22 USC 2198
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Sec. 107
Prioritization of assistance for power projects in sub-Saharan Africa by the Overseas Private Investment Corporation
Cite22 USC 2198
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