US energy company to establish Malawi plant in 2016
American Energy Company has committed to establish a plant in Malawi by 2016 in order to reduce power deficit hitting the southern African country.
Paul Hinks, Chief Executive Director of US Energy Company who is also the Chairperson of Copper Council disclosed this during the lecture on Democratization and Economic Self Reliance in Africa which was presented by President Peter Mutharika in New York.
After the lecture, the Malawi President also met the members of the Council on Foreign Relations at their offices.
Hinks said Africa needs more and reliable power generation capacity for sustainable development if the Sustainable Development Goals are to be achieved.
His intervention came after President Mutharika in his lecture cited power outrages as main set back in Africa especially in Malawi where more hours are spent in darkness.
The US Energy Company is currently providing power in Nigeria, Rwanda, Tanzania among other African Countries.
Responding to the gesture, President Mutharika thanked Paul Hinks for the quick response to his lecture and assured all the members present of maximum security both commercial and physical while in Malawi.
“When you come to Malawi in 2016, it is anticipated that power woes facing the Country would be minimized. Malawi is a free country with a legal frame work conducive to investors.” the President said.
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Tsono inu a Nyasa Times that’s not Paul Hinks and even the name tags says he is not.secondly this is not a new project cos it was discussed before in 2013.hope this time around there is action.
Malawi is free country and conducive to investors? Kkkkkkkkk, Mr president, did you tell them about the taxes awaiting them? Did you tell them about the rampant corruption? Dud you tell them it’s the only free country with no history of civil wars since independence, but still enjoys social-economic and demographic parameters similar to most war torn countries like Rwanda, sierra Leone? Did you tell them that even the EU is surprised that despite huge investments all our neighbours are doing well except us? Did you tell them that none of the foreigners coming for this project should not be… Read more »
What is the name of the company? What type of power plant will they establish-hydro, nuclear, coal-fired, solar? We need more details in stories. A good devt though if this turns into reality.
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Still waiting for the second inauguration of the Nsanje Slab and I quote ” if voted into office , next day I will jump into a helicopter to open the Nsanje Slab” . But we are in second year, whats happening to our old man ? Is it dementia ? Please remind him before he boards concord to hell.
What are the qualifications of Gerald Viola. If this is what he can write ndiye kuti samadziwa chimene akupanga Ku State House. Don’t feed us hogwash you Gerald Viola ndi mbuli zinzako Ku state house ko
Please,now an American company!!! Mayo ine no more kutsotsola or will lock us in USA prisons. These guys do not joke!!! You steal,they lock you up!!!!
Good commemts so far makes sense
Ok
Promise after promise. Lies after lies. Ife tikufuna action osati osati NYIMBO