The Chief Executive Officer (CEO) of the United States Millennium Challenge Corporation (MCC), Dana J. Hyde, is visiting Malawi May 8-10 to review progress to date on the implementation of the US foreign aid agency’s compact programme, particularly on the Power Sector Reform Project.
During the visit, MCC boss will chart the way forward for successful achievement of the Compact’s objectives during its final two and a half years of implementation.
The three-day visit includes a ground-breaking ceremony for the new MCC-funded 400 kV transmission substation at Nkhoma, the handover of new houses to families previously living in the wayleave of a MCC-funded transmission line at Tsabango, and discussions on Compact implementation progress and challenges with the President Peter Mutharika, the Minister of Natural Resources, Energy and Mining, and the Minister of Finance.
“I am delighted to welcome MCC CEO Dana Hyde to Malawi so she can see first-hand the work being done to build out Malawi’s transmission and distribution systems, improve riverine management in the Shire River catchment, and reform the power sector,” said U.S. Ambassador to Malawi Virginia Palmer.
“It’s very important now that power purchase agreements (PPAs) are signed so that we all see the extra megawatts that will catalyze Malawi’s economic development and the quality of life for hundreds of thousands of Malawians,” added Palmer.
Malawi’s $350.7 million (245 billion Kwacha)MCC Compact is a single-sector program designed to increase incomes and reduce poverty by revitalizing Malawi’s power sector and improving the availability, reliability, and quality of the power supply.
The compact is composed of three projects which seek to increase the capacity and stability of the national electricity grid and bolster the efficiency and sustainability of hydropower generation.
The Millennium Challenge Corporation (MCC) is an independent U.S. foreign aid agency that is helping lead the fight against global poverty.