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EDF, Others Sign Deal to Develop Hydropower in Malawi

The government of Malawi is set to deploy a hydropower project.

The project will have an installed capacity of 350MW.
 
The Malawi government, in collaboration with the International Finance Corporation (IFC), Scatec and EDF, have signed a binding commercial agreement to undertake the co-development of the Mpatamanga hydropower project.
 
The agreement, signed under Malawi’s Public-Private Partnership framework, finalises the selection process undertaken by the government of Malawi to competitively select a private sector partner to finance, build, and operate the hydropower plant. The signing officially awards the role of project lead developer to a consortium composed of Scatec and EDF. 
 
The plant to be located on the Shire River will have an installed capacity of 350MW and will be the 1st of its kind in the country. The generation facility comprises a 309 MW peaking plant and a 41 MW downstream plant.
 
IFC worked closely with the Government of Malawi to support the early-stage project development and provided funding for activities that allowed the government to launch the competitive tender process. 
 
The project is expected to contribute to reducing energy shortages and enhancing energy security in Malawi.
 
Source : www.abafnz.com
Posted On: 9/13/2022 12:00:00 AM

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