World Bank funds Malawi, Mozambique power interconnector project
Malawi’s electricity woes might be history as soon as a K41.2 billion World Bank funded Malawi-Mozambique power interconnector project takes off.
In statement, the World Bank says the project will interconnect the Mozambique and Malawi transmission systems to enable both countries to engage in bilateral and regional trade in the Southern African Power Pool (Sapp).
“Of this amount [K41.2 billion], Mozambique will receive (K30.4 billion) as an International Development Association (IDA) grant. Malawi will receive K10.8 billion credit,” says the statement signed by the bank’s regional integration for Africa, the Middle East and Northern Africa Deborah Wetzel.
Wetzel says in addition, Mozambique is expected to receive grant of K17.4 billion from a government of Norway Trust Fund administered by the World Bank, along with a Euros 20 million grant from the government of Germany.
The bank says Malawi will receive Euros 20 million through an EU grant.
“Both the EU and government of Germany grants shall be administered by Kleditanstalt fur Wiederaufbau (KfW),” says Wetzel.
She says the main undertakings include the construction of a 218km, 400km high voltage altering current transmission line, grid connections and associated infrastructure including substation works.
Follow and Subscribe Nyasa TV :
We all know that EGENCO is reluctant to operate ethically due to high appointments made by government hence zero accountability on funds. UNDP is championing the mini-grid project where IPP (Independent Power Producers) are being equiped with technical know how to beef up the national grid . I hope this important stakeholder will be considered herein.
Let’s wait and see when this takes place soon
How many energy fundings have we had in the past? Who is there to check the borrowing appetite of the government. If they borrow and we still have black outs who is to hold the government accountable? Our parliament needs to wake up and discuss real issues with government
APM WOYEEEEEEEEEEEEEEERRRRRRRRRRRRRRRR
May be i can start cooking on my cooker again may be electricity price will go down.
Am not sure about the price to go down that’s why am using the term may be.
Thanks so much World Bank for the funding I know for sure this will bury the blackout Issue for ever – please let’s not politise this funding it’s for the people of Malawi.
As long as we know that it’s a grant to Mozambique and credit to Malawi. Economists can tell us the differnce