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Venture into solar energy—Ricotech

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Malawian owned Ricotech (Gestetner) and Solsquare Energy Limited have established a pact that is aimed at addressing energy challenges, which are affecting households, public and private sectors, including financial institutions.

The launch of the pact follows months of negotiations, training and surveys by the two institutions so as to develop a mutual understanding that will benefit the already deprived Malawian companies and households.

This coincides with news that the country’s power generator Energy generation Company-Egenco and distributor Electricity Supply corporation of Malawi-Escom have said the country has to brace for tough times as power outages will continues.

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According to Managing Director of Ricotech, Faizal Okhai, the power situation in Malawi is precarious hence the need to create a department that will address the challenge.

“Looking at the demand of power, especially manufacturers, hotels, banks—who are our major clients—we decided to unveil the pact to deal with power problems affecting the country,” he said.

Okhai said with Solsquare, the company is poised to light interested households and institutions with state-of-the-art equipment whose lifespan is 25 and 10 years, respectively.

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He said they are readily available to supply and install such gadgets as informed by clients.

“We have to ensure that right gadgets are installed and fixed by correct people.” he said.

Okhai said with the current blackouts which are affecting the country, there is need to venture into solar energy.

“It does not work well to hear that financial institutions experience blackouts because that is a loss,” he said.

According to Managing Director of Solsquare, Leornhard Eins, they have been approached by many people and financial institutions as to how they could address the situation.

“It’s better to be part of the solution hence our being here to show commitment,” he said.

The pact between Ricotech and Solsquare Limited—which is a long-term one—entails that households and institutions that want to utilise its products and services use solar energy for lighting and power.

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