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The National Planning Commission (NPC) says while funding to the mining sector has increased, more resources are needed to kickstart the sector. In an interview on Thursday, NPC director general Thomas Chataghalala Munthali observed that while the legal and policy environment has made significant progress, small resource allocations to the sector have delayed the mining
Global Energy Alliance for People and Planet (Geapp) has given Electricity Supply Corporation of Malawi (Escom) a $20.2 million (about K 21.05 billion) grant for the procurement, installation, and operation of a Battery Energy Storage System (Bess). This, according to the State utility provider, is in response to the integration of utility-scale Solar PV plants
Electricity Supply Corporation of Malawi (Escom) is reviewing over 100 power purchase agreements (PPAs) signed between independent power producers (IPPs) and the disbanded Power Market Limited (PML) during the Peter Mutharika administration. Nineteen of those were signed on the eve of the 2019 Tripartite Elections during the Democratic Progressive Party regime. The power utility company’s
The Department of Statutory Corporations has appointed Hastings Bofomo Nyirenda as the liquidator of Power Market Limited (PML) which was dissolved in January this year. In an interview yesterday, Comptroller of Statutory Corporations Peter Simbani said Malawi Government, as the only shareholder of PML, expects the exercise to be concluded the soonest. PML was created
President Lazarus Chakwera has appointed a man named in the National Oil Company of Malawi (NOCMA) scandal into the Presidential Private Sector Council