Illovo Malawi in power supply business, sets aside K74bn
Sugar manufacturers, Illovo, says it has set aside K74 billion for electricity production.
Company officials said this when minister of Labour Ken Kandodo visited the company offices as part of the government effort to sensitize industries on one million jobs.
Illovo Sugar Company managing director Lekani Katandula said this was the diversification strategy of the company.
Katandula was upbeat the company would produce surplus power which would be exported.
He said erratic supply of electricity by Egenco and Escom has negatively affected operations of the company.
“Inconsistent supply of electricity has been our biggest challenge that is why now we are saying we shouldn’t just be spectators but we should be part of the solution,” he said.
He said the company will set up a photovoltaic (solar) system in Ntchalo and will also invest in coal and biogas.
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Use the sugarcane waste instead of coal. This way to solve a waste problem while generating energy. I visited a sugar factory in Ethiopia that is producing about 20 megawatts like that. Alternatively go solar given the abundant Sunshine in Chikwawa and the relatively short period of time it takes to bring solar on board nowadays. Good luck but make sure you bring this to fruition, dont just talk like the DPP politicians we kicked out of government. We want performance and results and soon soon.
How of this electricity profit from sugarcane trickle down to the smallholders whose canes are part of this Illovo profiteering? Having slashed the cane prices you’re talking about project which you’re pasting it as novel yet the boot is on the neck of the smallholders. Come straight on the smallholders choose to ignore the farmers the reforms are at the Illovo gate from the Capital Hill with love flowers from Tonse Government
Firstly illovo must stop externalisation of forex through inflated management fees paid to rsa.
Visionary leadership has been shown here, which needs to be encouraged from all citizens. There is alot we can do within Malawi. We are a very capable nation, all it will take is great leadership to unlock all of our untaped potential.
Sweet news to my ears!
One million jobs?
Some doubting Thomases will be left behind. These are the dpp laggers. Everything for them is impossible, except stealing. Pathetic thieves…!!!
Possible but the challenge is 1m pernanent jobs in a year 23 June 20 to 22 June 21 . This investment may not realise this in this period.