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USAID Announces $5 Million Partnership to Improve Energy Efficiency and Access in the Developing World
FOR IMMEDIATE RELEASE
October 26, 2005
1019-05-102
Press Office: 202-712-4320
Public Information: 202-712-4810
www.usaid.gov
Contact: USAID Press Office
Washington, DC – The U.S. Agency for International Development (USAID) today signed a Memorandum of Understanding with the International Copper Association for a new public-private partnership to promote energy efficiency and access to modern energy services worldwide.
USAID Deputy Administrator Frederick W. Schieck and ICA Chairman and CEO J. Steven Whisler of Phoenix-based Phelps Dodge announced the Sustainable Energy Use Alliance today in the U.S. Capitol Building. U.S. Representative Jim Kolbe of Arizona witnessed the signing.
The $5 million partnership will provide support to a range of energy programs globally over a three-year period. USAID will contribute $1 million. ICA will provide $4 million in direct and indirect funding through its worldwide network of experts, 38 member companies, and other partners.
Increase in global energy demand is expected to exceed 50 percent by 2020, with most growth in developing or transitional countries, and require some $10 trillion in new investment each year. USAID has worked to help its client countries meet their energy needs and this partnership will offer expanded work in this important area.
“USAID is proud to work with the International Copper Association to increase energy efficiency and access in the developing world. Energy efficiency helps growing economies and improves competitiveness in an environmentally sustainable manner, while providing basic infrastructure services at a lower cost. Increasing access to energy can help poor households improve their quality of life and create new opportunities for income generation and help to meet the goals of the Presidential Clean Energy Initiative,” said Schieck.
Mr. Whisler said: "Copper is an essential component for building and expanding the energy infrastructure in developing nations. At ICA, we take great satisfaction in being part of an industry that can help bring the benefits of electricity and power to people worldwide. We look forward to collaborating with USAID to help improve the standard of living for people in developing nations.”
The U.S. Agency for International Development is the lead federal agency charged with providing humanitarian and development assistance to more than 100 countries.
USAID's Global Development Alliance harnesses the expertise and resources of private corporations, foundations and other non-governmental actors through these public-private alliances. Since 2001, USAID has provided more than $1.1 billion for nearly 300 public-private alliances and leveraged over $3.7 billion in partner contributions. Through these Alliances, USAID has not only gained additional financial resources for development activities, but also new technologies, intellectual capital and technical and managerial expertise that enhance its ability to address an increasingly complex set of development challenges.
The International Copper Association, headquartered in New York, is a not-for-profit, 501(c)(6) organization with 38 member companies representing 80 percent of all copper produced and used each year throughout the world. ICA executes programs and initiatives in more than 50 countries through regional offices in Brussels, Santiago, Singapore and New York and through 27 copper promotion centers on six continents. Programs include the safe and effective delivery of electricity, potable water and gas; the effects of copper on human health (copper being an essential nutrient) and the environment; and the development of new technologies that contribute to economic development and improved quality of life.
The U.S. Agency for International Development has provided economic and humanitarian assistance worldwide for more than 40 years.
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