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Power Market Limited moves to woo more Independent Power Producers

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Ibrahim Matola

By Wezzie Gausi

Power Market Limited (PML) has put out fillers to attract more Independent Power Producers (IPPs) to help boost the energy sector in Malawi.

This follows the termination of the Aggreko contract by the government, which took out 78 megawatts from the national grid.

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In an interview, PML Chief Executive Officer Rosemary Mkandawire said the firm wanted to attract the right investors in the energy sector.

She said this nation needs quality investment at an affordable price.

“We understand the huddles that people are going through, having lost about 130 megawatts of electricity from Kapichira Power Plant and 78 megawatts from Aggreko.

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“This nation is in crisis but we are here to give out hope, as more investors are coming to invest in the energy sector. As a nation, we want to invest in different kinds of energy, not only hydro power. Soon we will be telling this nation of new partners in the sector,” Mkandawire said.

Minister of Energy Ibrahim Matola said the government is ready to get into agreements with IPPs that are ready to help this nation.

He said the issues of blackouts have been long due and it was time that the nation started looking for other sources of energy.

“We, ss the government, are concerned with how the energy sector is fairing. This is why we want all players in the sector to work together so that we can bring power back to the people.

“I am delighted to see the work of PML in sourcing for more IPPs, we really need more investors in the energy sector as that is the only way this country can attract other investors that will boost the economy,” Matola said.

Recently, JCM Power launched the 20mw Golomoti Solar PV+BESS project in Dedza, in which they are supposed to produce another 5 megawatts from the batteries, making it 25 megawatts to be added to the national grid.

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