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THE OPEC FUND AT 45 stories staff


Fatima Ademoh Investment Manager


The OPEC Fund Annual Award for Development was introduced in 2006 to highlight the achievements of organizations and individuals in reducing poverty and supporting sustainable development. Past winners include: Vida Duti, in recognition of her remarkable work in striving for sustainable water, sanitation and hygiene (WASH) services for the population of Ghana; Bangladesh-based BRAC for its support of Rohingya refugees in Bangladesh; and Syrian refugee Doaa Al Zamel (http://doaa.news/ about/). The award includes a US$100,000 prize. In 2020, it was awarded to EarthSpark International, Haiti, in recognition of its innovative solutions to energy access and climate change mitigation.


Commenting on a Nepal development project that was named Power Deal of the Year by The Asset magazine, Fatima Ademoh says: “It achieved a milestone with the signing of $453 million in loan agreements in October 2019 with a consortium of nine lenders. It’s the largest foreign direct investment in Nepal and it utilizes several innovative financing structures (a mix of c


and blended concessional financing). Once completed, Ademoh adds “the project will boost domestic power generation while helping to reduce imports of electricity e


moh adds domestic e helping ectricity


g


and contributing to the country’s long-term ener security and sustainability.” The project is set to


The OPEC Fund Scholarship Award has supported 56 students from 38 countries. After qualifying, many


‘student ambassadors’ have returned to their home countries to work in development-related fields.


increase Nepal’s electricity supply by one-third from today’s levels and provide clean, reliable power to millions of people.


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mix of commercial onal financing


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stories &trade


Private finance stories staff


The p term


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len adv


Ramina Samii


Director, Portfolio Management, Private Sector and Trade Finance


Since launching, our private sector and trade finance


The part of my job I enjoy the most is identifying long- term solutions that address structural issues facing a oject’s ability to meet its obligations. This can involve complex and protracted negotiations with multiple stakeholders – shareholders, DFIs and commercial lenders, government authorities and project-related advisors. It’s about finding a middle ground between conflicting and shifting short- and long-term


objectives. There is no greater satisfaction than successfully completing these negotiations with our partners, putting a project back on track and safeguarding its initial development objectives.


23


operations have contributed to the development of 3.9 GW of electricity generation capacity.


sector


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