Firm set to invest75MW power plant in Malawi

African Energy and Power Limited an independent power producer (IPP), has unveiled plans to build a $125 million (about K99 billion) 75 megawatts (MW) hybrid power plant at Wovwe in Karonga.

The 75MW is a single hybrid power project comprising 50MW from coal and 25MW from solar power.

This follows a successful review and preliminary approval of an unsolicited IPP proposal submitted by African energy and power limited to electricity supply corporation of Malawi (Escom) in February last year and later to Power Market Limited (PML) in July.

In a statement, African Energy and Power Limited managing director Lumbani Mbale said the approval is an important step towards the accomplishment of the power project.
He said, “At African energy we exist to create value and provide sustainable power and energy solutions to the Malawian population through sustainable strategic relationships with relevant stakeholders.”

Mbale also said that following the licensing of PML by Malawi Regulatory Authority (MERA) as a single buyer, the project is expected to move at a much faster pace than before.
He further added that the project is expected to create jobs for more than 100 formal and semi-skilled workers, including providing economic multiplier effect around the project.

Once successful, the project will add value to the energy sector by improving power supply to the national grid with additional 75MW toan alreadyinstalled capacity of 422.45 MW.

Apart from power production, African energy is also one of the few licensed wholesalers and importers of liquid fuel and gas.

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