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- Focus Areas
- Energy
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$60m for non-sovereign operations).
Commitments are operations and agreements that have been signed by the relevant parties.
Approvals by Region
Total approvals: US$ 3,700.80m
- Africa
- Asia
- Latin America & Caribbean
- Global
Amounts under US$.09m may not be reflected in this chart.
Approvals by Financing Types
Total approvals: US$ 3,700.80m
Public Sector
77.13 %
Private Sector & Trade Finance
21.54 %
Grants
1.33 %
Operations
Uzbekistan 1,500MW Power Plant
Approved
25.02.2021
Country
Uzbekistan
Focus Area
Energy
INTEGRATED GROWTH POLES’ ENERGY ACCESS ENHANCEMENT PROJECT, PHASE II (PIC 2.2)
Approved
16.12.2020
Country
Madagascar
Focus Area
Energy
Status
Ongoing
Rwanda Universal Energy Access Project
Approved
16.12.2020
Country
Rwanda
Focus Area
Energy
Status
Ongoing
Stories & Videos
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
Country aims to become one of the first in sub-Saharan Africa to achieve universal energy access
Electric Rwanda
New power plant will contribute to reducing Côte d’Ivoire’s generation costs and GHG emissions
Energy in Côte d’Ivoire
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