Malawi’s electricity generation companyEGENCO, earlier this week signed a multimillion dollar deal with Japan’s Mitsubishi Corporation aimed at increasing its power production capacity. Part of the plan will be to increase expansion of the Tedzani hydropower station.
Reports show that the project has received a $52 million grant from the Government of Japan through Japan International Cooperation Agencywhich is aimed at improving the country’s electricity generation capacity.
The CEO of EGENCO, William Liabunya, said that this is a very big milestone for EGENCO and indeed a big milestone for the country because once the project is complete; it will significantly increase the country’s generation capacity. This project, upon completion will make an additional 18MW into the national generation system.
The project is set to commence in October and is expected to be completed within a period of three years – before the end 2020.
This means that the 18MW will be coming into the system soon after Nkula A brings in additional 12MW next year through the rehabilitation, modernisation and expansion project currently under operation through financing from the Millennium Challenge Corporation Compact Funding.
Masato Kume, the acting GM of Mitsubishi Corporation, said this is their very first project in Africa and they are committed to making it an absolute success.
