ANNOUNCEMENT 16 Sep 2016

On 16 September 2016, the US government approved funding to support an export operation carried out by Txtlight Power Solutions Limited.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

USAspending.gov. Award page. Foreign Investment Financing. Txtlight Power Solutions Limited.
https://www.usaspending.gov/award/ASST_NON_9000032167_7100

U.S. International Development Finance Corporation, "Our Products", (retrieved on 15/07/2021). Available at: https://www.dfc.gov/what-we-offer/our-products

Inception date: 16 Sep 2016 | Removal date: open ended

Trade finance

On 16 September 2016, the Overseas Private Investment Corporation approved funding to support an export operation carried out by Txtlight Power Solutions Limited. The total amount granted was USD 35 million. The operation was located in Nigeria. The support was granted through the Foreign Investment Financing programme.

The Foreign Investment Financing program provides financing for projects in developing countries to increase US exports, to advance American foreign policy goals, and to promote the US commercial competitiveness around the world. Under the program, projects must have significant participation by a sponsor from the United States. The program is run by the U.S. Overseas Private Investment Corporation (OPIC). In 2020, OPIC transformed into the U.S. International Development Finance Corporation (DFC).

AFFECTED SECTORS

 

AFFECTED PRODUCTS