Energy company representatives from eight countries joined the 4th edition of the Private Sector Liaison Officers (PSLO) Energy Mission to Washington DC May 4-7, 2015, to meet with key energy experts at the World Bank Group (WBG), Inter-American Development Bank, Millennium Challenge Corporation, and USAID. Organized jointly by PSLO Network members from Austria, Canada, France, the Netherlands, Spain, and the United States, in collaboration with the WBG, the three-day conference provided a platform for the 90 private sector participants to engage with International Financial Institutions (IFIs) and gain insights in their respective energy sector priorities, portfolios, and business opportunities. By bringing together energy companies from several countries, the mission also provided a unique opportunity for networking among participants with a view to collaboration and potential partnerships.
The WBG’s work in energy today is aimed at supporting developing countries to secure the affordable, reliable, and sustainable energy supply needed to end poverty and promote shared prosperity, as described in the Energy Sector Directions Paper. The paper is closely aligned with the UN’s Sustainable Energy for All (SE4All) Initiative, co-led by the World Bank, which aims to achieve universal access to modern energy, double the global rate of energy efficiency improvement, and double the share of renewable energy in the global energy mix by 2030. In providing an overview of the WBG priorities in the energy sector, Charles Feinstein, Director of the WBG Energy and Extractives Global Practice remarked, “We are moving in the right direction to make sustainable energy a reality for everyone by 2030, but we still have a lot of work to do to reach our goals.”
Global Leads for the WBG Energy and Extractives Global Practice provided participants with more detailed information on energy subsectors including Energy Access, Clean Energy, Hydropower, and Power Systems, which enabled companies to identify projects corresponding to their area of expertise.