HPI AMONG 20 U.S. COMPANIES SELECTED TO PARTCIPATE IN WEST AFRICA ENERGY TRADE MISSION
After a lengthy application process, HPI was selected to join only 20 U.S. companies to take part in an Energy Business Development Mission with U.S. Secretary of Commerce, Penny Pritzker. The mission will focus on how participants can help Ghana and Nigeria develop and manage energy resources and systems, build power generation and transmissions, and distribution.
“In line with the administration’s U.S. Strategy Toward sub-Saharan Africa, this mission is an opportunity to connect U.S. company products, services and expertise to support Africa’s enormous power potential. One of the Commerce Department’s bottom-line goals is to increase the global fluency of U.S. businesses and to make trade and investment a bigger part of the U.S. economy’s DNA. Trade missions like these are one way of accomplishing these priorities,” explains Secretary Pritzker.
At the present time, over 600 million people in sub-Saharan Africa lack access to electricity, making development in the region extremely challenging. According to the International Energy Agency, sub-Saharan Africa needs more than $300 billion in investments to achieve universal electricity access by 2030- far beyond the capacity of any traditional development program.
The plight of the region presents significant opportunities for American companies to offer their technology, goods and services to address sub-Saharan Africa’s energy needs. According to the U.S. Department of Commerce, exports are leading the U.S. economic recovery and contributing to future economic growth and job creation in America. Selling more American energy products and services will help U.S. companies grow and hire more people while helping the region meet its ambitious goals to dramatically improve its energy needs.
As part of the delegation, HPI will be introduced to key decision-makers in both the government and the private sector for Ghana and Nigeria, and will receive high-level briefings on potential opportunities in the region