Appointed by President Obama in 2009, Millenium Challenge Corporation CEO, Mr. Daniel Yohannes was Keynote Speaker at the “Doing Business Overseas Forum” hosted by the U.S. Dept. of Commerce in Ontario, California on October 27th. During the presentation, Mr. Yohannes stressed the importance of how MCC and local businesses working together can do a world of good, renewing our economic strength at home and contributing to global economic prosperity that benefits all.
Also speaking on the panel was Ms. Kusum Kavia, CAI Vice President and COO. CAI is a manufacturer and systems integrator of 1 -10 MW Modular Electric Power Plants, Skid-Mounted Process Systems and Waste-to-Energy Solutions. Their 1 MW Spirit Modular Power Generation System can provide electricity for over 1,000 homes and industries in the most remote parts of the world. In countries such as Ghana where economic growth is at 14% the need for uninterrupted power has reached alarmingly high levels. Millenium Challenge Corporation (MCC) creates opportunities for American companies such as CAI to do business in these emerging markets. By providing large-scale grants for well-performing countries, solutions for reducing poverty are attained through infrastructure improvements.
“Studies show that for every 10 percent increase in exports, U.S. jobs grow by 7 percent. With 95 percent of the world’s consumers living outside the United States, exports support more than 10 million U.S. jobs. MCC plays a role in creating American jobs by doing our part to build new markets that want to buy products and services made in America” said Mr. Yohannes. Keenly interested in CAI’s 80 MW Power Plant currently being commissioned in Benin, West Africa, Ms. Kavia invited Mr. Yohannes to tour CAI’s factory in Corona.
“When [CAI] first began exporting in 1995, export sales accounted for 10 percent of our total sales. Over the past four years, our export sales have grown to nearly 90 percent of our total
sales, enabling us to sustain and create jobs as well as move our operations to a new facility,” said Ms. Kavia.
“Exporting continues to be the foundation of our sales growth, and we are looking forward to partnering on future projects with an internationally esteemed organization such as MCC.”
Since 1989, CAI has continued to expand into new markets. Recently completed are a 2- MW Combined Heat and Power project at an orange juice processing plant in Belize, Central America. Upcoming overseas projects include two low pressure condensate pump collection systems in Kazakhstan. CAI is also taking part in the forthcoming Renewable Energy and Efficiency Trade Mission to Turkey hosted by U.S. Commercial Services with additional support from Vice President Joe Biden.
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Started in 1989, CAI is known for excellence in quality, ethics and on-time delivery.
Winner of over 10 awards on the Federal and Local level including the 2011 Presidential "E" Award presented by the Dept. of Commerce for Excellence in Exports.