24 companies set to invest in power generation
Kadango: We are working hard
About 24 independent power producers have expressed interest in investing in power generation, which the government says will significantly boost the energy industry in the country.
According to Enwel Kadango, Director of the Presidential Delivery Unit (PDU), who was speaking at the close of a two-day Power Sector Coordination Pre-lab in Lilongwe, three of the 24 companies are already at the contract-signing stage while discussions with other companies are ongoing.
He said: “Once finalized, this will greatly enhance power generation in the country.”
“As the PDU, we are working hard to address any issues hindering development. We believe the topics discussed by the players in the energy sector during this meeting will help the country achieve its power generation goals,” Kadango said.
Among other things, stakeholders also discussed the shortage of foreign exchange as a major challenge affecting the growth of the energy sector.
“Once the country begins to benefit from the mining sector, we believe the foreign exchange issue will be resolved,” Kadango added.
Director of Electricity in the Ministry of Energy, Miliward Mafuta, expressed optimism that the approach stakeholders are taking to address bottlenecks in the energy sector will yield positive results.
“The issues in the sector are not unique, but some investors have been unable to start their projects due to our approach. This meeting has been an eye-opener,” said Mafuta.
Stakeholders in the sector will reconvene next week in a main delivery lab to find solutions to the issues raised during this week’s discussions.
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