Advertisement
Business

Ethanol project nears completion

Advertisement

Malawi will soon commission the Ethanol Vehicles Driven Project (EDVP), whereby motorists will opt for ethanol as a stand-alone fuel or its blend with petrol, following completion of a pricing mechanism of the fuel, the Malawi Energy Regulatory Authority (Mera) has said.

Mera Chief Executive Officer, Collins Magalasi, said last week that a study that was commissioned to determine the pricing mechanism has since been concluded.

He could, however, not divulge more information, saying discussions are underway over production costs, among other things.

Advertisement

Magalasi hinted on the challenge of high cost of production for the commodity, saying government is working on ensuring that the production costs is cut.

“Talks are underway with the Ministry of Finance to find a way of removing the additional cost for producing ethanol. Once we do that, it means our bill of importing fuel will become much less and we will save forex for the country,” Magalasi said.

He said the move would also promote trade among ethanol producers in the country.

Advertisement

EVDP was initiated in 2004 after a Cabinet directive that Malawi should explore other sources of fuel with the overall objective of contributing to economic development by promoting the use of ethanol as an alternative sources of energy.

According to Magalasi, there will still be a requirement for blending of ethanol and petrol fuels.

Experts have since indicated that using ethanol fuel as an alternative for petrol would be ideal for the Malawi economy as it is likely to reduce the amount of fuels that the country imports a

Facebook Notice for EU! You need to login to view and post FB Comments!
Advertisement
Show More
Advertisement

Related Articles

Back to top button
Close

Adblock Detected

Please consider supporting us by disabling your ad blocker