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UK supports Malawi s energy diversification drive

Date Time UK supports Malawi’s energy diversification drive On Monday, British High Commissioner to Malawi, David Beer, joined Malawi’s Minister for Energy Newton Kambala and officials from InfraCo Africa and JCM Power (JCM) in launching the Golomoti Solar, which will deliver 20 megawatts of clean power to the grid, at a ground breaking ceremony in Dedza District. The project is being undertaken by InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), and its project partner, JCM Power (JCM). UK Government is pleased to be a partner to this innovative joint financing project by providing, through Innovate UK, a £2.1 million grant to provide state of the art batteries. These will enable the plant to provide reliable power and improve network stability, reducing reliance on hydro and diesel generation, whilst ensuring that grid stability is maintained. In addition, the UK through InfraCo Africa, one of UK’s Infrastructure Financing Agencies, is a 25% s

Emerging Africa Infrastructure Fund - Working with business for stronger African economies

23rd March 2021 On 22nd March, reporter Mudiwa Gavaza of Business Day newspaper wrote about the investment plans of Liquid Telecommunications, which recently had a successful bond issue supported by PIDG company, the Emerging Africa Infrastructure Fund. Read the full story. 15th March 2021 EAIF lends €29 million to support the construction of 30MW solar plant to supply the national grid, marking the 20th clean energy project for EAIF. 22nd February 2021 The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed to buy up to US$50,000,000 of a bond issue by Liquid Telecommunications, that is being launched on Monday 22rd February 2021. The bond (“The New Note Offering”) aims to raise US$600 million which will be used to refinance existing debt… Read more »

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