PML launches energy compendium to showcase investment opportunities to the world
State-financed Power Market Limited (PML) has launched a compendium to showcase investment opportunities it has in the power industry.
Speaking during the official launch on Thursday in Lilongwe, Minister of Energy, Ibrahim Matola, said the compendium provides the much-needed energy projects the government has lined up for investment.
“This compendium has been developed at the right time when we have joined hands in turn around the woes in the energy sector that have stagnated the economy for a long time,” he said.
Matola said the successful implementation of the projects in the Compendium will assist in the achievement of the aspirations of the Tonse Administration of having energy self-sufficiency for sustainable development.
PML Chief Executive Officer (CEO), Rosemary Mkandawire, said it is important for the country to have the compendium to show the world that Malawi is endowed with a lot of resources that can be used to generate power.
“We are open for energy investment with all the incentives that will attract and be given to the investor ,” she said.
Some of the incentives include zero percent corporate income tax rates for a period not exceeding 10 years.
The investor will be given an exemption of duty on importation of capital goods and building materials among others.
Mkandawire said the energy investment opportunities are in the areas of geothermal, wind, hydro, coal, gas and biomass.
