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The OPEC Fund
for International
Development
  1. Focus Areas
  2. Energy

Focus Areas

  • Overview
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  • Energy
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Energy

Progress has been made on ensuring access to affordable, reliable and modern energy for all under Sustainable Development Goal 7, thanks to better electrification rates – particularly in the least developed countries – and improvements in industrial energy efficiency and gains made in renewable energy. However, the Sustainable Development Goals Report 2019 by the United Nations is clear that national priorities and policy ambitions still need to be strengthened to put the world on track to meet energy targets for 2030.

The OPEC Fund has long focused on supporting access to energy, worldwide.  In 2020, the OPEC Fund committed US$153 million to the energy sector (US$93m for sovereign operations; US$60m for non-sovereign operations). 

Commitments are operations and agreements that have been signed by the relevant parties. 

Approvals by Region

Total approvals: US$ 3,941.58m

  • Africa
  • Asia
  • Latin America & Caribbean
  • Global
Amounts under US$.09m may not be reflected in this chart.

Approvals by Financing Types

Total approvals: US$ 3,941.58m

Public Sector 76.93 %
Private Sector & Trade Finance 21.76 %
Grants 1.31 %

Operations

Benaco - Kyaka Transmission Line Project (Tranche 1)

Approved
15.12.2022
Country
Tanzania
Focus Area
Energy
Status
Ongoing

The Climate Finance and Energy Innovation Hub - SEforALL

Approved
15.12.2022
Country
Rwanda, Madagascar, Malawi, Congo, DR
Focus Area
Energy
Category
Technical Assistance

The Climate Finance and Energy Innovation Hub - UNCDF

Approved
15.12.2022
Country
Congo, DR, Rwanda, Madagascar, Malawi
Focus Area
Energy
Category
Technical Assistance
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Stories & Videos

Temane power plant in Mozambique reaches financial close

Stories

US$30 million OPEC Fund loan to Ameriabank will promote private sector development in the country

Promoting sustainable energy and supporting small enterprises in Armenia

Stories

The OPEC Fund has teamed up with ACWA Power to boost power generation in partner counties Egypt and Uzbekistan

Energy boost for a cleaner future

Stories

US$15m loan enhances energy access in rural areas

More power for Madagascar

Stories

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OFID at Astana Expo 2017

Video

The OPEC Fund and renewable energy

Stories

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Who we are
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