Consortium of development partners courts APM to invest in Malawi
A Consortium of development partners on Monday called on the President Peter Mutharika in Washington DC, United States to present their proposal to invest in power resource development in Malawi.
Presenting the proposal on behalf of the Development Partners, Professor James Nicholas who is the Executive Partner stated that the proposal outlines the team’s capabilities and interest in assisting Malawi meet its goal of doubling its energy output by year 2020.
“We recognize that a vibrant energy sector is required to fuel economic growth and industrial development, hence their proposal to work with the Malawi Government to fast track Power Purchase Agreements (PPA) and other regulatory items to facilitate project acceptance”, said Nicholas.
The Executive Partner assured the president that the team was ready, willing and able to work with Malawi Government through the Ministry of Natural Resources , Energy and Mining to achieve project goals adding that their local Malawi partner was poised to coordinate and facilitate the project development plan in order to meet agreed upon milestones.
Receiving the proposal president Peter Mutharika said that the Malawi Government is committed to strengthening its power capacity to meet the high demand for electricity.
“The current generation capacity of electricity in Malawi stands at 408 megawatts and that the projections for energy demand suggests that the country will require at least 700 megawatts in 2015 and 829 megawatts in the year 2020”, explained Mutharika.
He added that government has introduced a number of fiscal incentives to stimulate investment in the power resource development with a policy goal of generating and distributing sufficient energy to meet socio economic demands.
In the proposal the development team’s role is to construct a photovoltaic power plant based on the conditions outlined in the Memorandum of Understanding using the Independent Power Producer (IPP) business model in conjunction with the Ministry of Natural Resources, Energy and Mining.
The team once obtains the required permits and approvals will supply the project with low cost, efficient solar modules and systems equipment, provide adequate training to create jobs for the Malawi work force and facilitate security for the project’s operations.
In addition, the Executive Partner informed Mutharika that the development team is capable of building a small solar plant of 1.5MW for between US1.8 million dollars to US2 million dollars and large plants of 100MW for approximately US 200 million dollars, everything being equal.
The Consortium of Development Partners is comprised of Global Business Resources LLC specialized in marketing and infrastructure development company of U.S.A., Flatbush Solar LLC a US based renewable Independent Power Producer, Kunsons Consulting which is a management and capital venture consulting company that supports and develops its client’s services and products in Africa and international markets.
The fourth development partner is Erie Consulting which is a local startup renewable energy developer engaged in identifying investors to Malawi to assist in the development of its infrastructure and agriculture.
Currently, the team has received MOUs from governments of Cameroon and Nigeria to develop and construct solar power plants to generate between 100 to 500 MW of power.
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this is good for our Nation.anthu ena will always talk bad and castigate their president.they dnt know that they are sowing seeds of their own destruction.presidency is an institution and God honours it.hes representing our country Malawi.i dnt see any reason of kumatukwana.God will deal with you.its better to b silent rather than writing negative stuff.even APM anangoyikidwapo ndi Mulungu.if hes messingup God is the one to deal with him.meanwhile our job is to support him in his position as the current president of Malawi.
11 months in the office expecting him to have investors he met in his last trip to have been in this country by now? You don’t know what is required to finalize FDI.Some of these investors might finally decide by 2017!
This madala went to attend his personal interest. He went to deposit the money in America coz he didn’t have that $2m he claim to hv so he is afraid of verification exercise. Majekete ankavala aja analibe ndalama uyu
Trying hard to make it sound as though the trip and wastage of money was justified. Does the writer even understand what he’s writing and how it could really work? Do you know PPAs? In Malawi the power sector is not unbundled. Everything is done by ESCOM. Generation, transmission, retailing, tarrif setting, maintenance. How is it possible to have a PPP model then? In other words all that was discussed is not feasible in the near future. Governments should focus on working the Millennium Challenge Account work. Obama also recently set up Power Africa Program. These are the facilities APM… Read more »
Lies and more waste of time. Nadala awa should be here in office not posing there and looking busy over useless things. The last time you where in New York you came back claiming you have brought billions of dollars investment to Malawi. We are yet to see a one Kwacha invetment from that. Stop cheating Malawians, we are tired of this cheating and lying game.