National

Peter Mutharika strikes energy deal

By Patricia Kapulula, London, Uk:

Malawi has struck an energy deal with a United Kingdom (UK)- based company following an audience President Peter Mutharika had with the company’s chairperson on Tuesday.

Mutharika is in London where he attended the UK-Africa Investment Summit.

The deal, which has been sought with the Private Infrastructure Development Group (PIDG), is in line with Malawi’s efforts to address power challenges the country is experiencing.

The company is working on the 60 megawatt Salima Solar Power. It is about to embark on another 20 megawatt project.

PIDG Chairperson, Andrew Bainbridge, said the company is playing a critical role in the development of renewable energy; hence, the deal to embark on another project that would complement efforts to address power challenges in Malawi.

The meeting discussed opportunities to address electrification challenges particularly for rural areas.

He said the energy sector is very important in achieving tangible economic growth for countries such as Malawi.

“We had fruitful discussions. The President is very keen to talk about power supply in order to enable industrial growth and improve logistics,” he said.

He said power supply has the potential to accelerate growth and value of exports; hence, the need to ensure available supply to all.

Bainbridge observed that the company saw the opportunity where it could work together with the Malawi Government and as such, it is coming to Malawi to work on modalities of how to run the forthcoming project.

He said the company intends to use the business potential that Malawi has to reach out to the people with sustainable energy.

“Our job is to facilitate growth and expansion of private sector infrastructure that directly addresses the needs of the poorest society.

“We believe that by creating jobs, by improving access to power for the people in rural areas, improving logistics and growing exports, we are improving the wealth of Malawi,” Bainbridge said.—MANA

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