The Malawian government has partnered with the International Finance Corporation (IFC) and energy companies, Scatec and EDF, for the development of the Mpatamanga hydropower plant to expand the country’s electricity generation capacity to address growing energy shortages.
A binding Public-Private Partnership framework agreement signed by the three parties paves the way for the addition of up to 350 MW of new capacity.
The 350 MW of new capacity will be integrated into the country’s grid via the development of a 350 MW facility along Shire River, a 309 MW peaking plant and a 41 MW downstream facility along Shire River.
EDF will own a 27.5% stake of the project while Scatec will own 14% and the British International Investment and Norfund – Scatec’s venture partners – a 13.5% share of the project. Meanwhile, the government of Malawi will own a 30% and the IFC a 15% share.
The Ministry of Transport of Angola and state-owned logistics firm, UNICARGAS, have signed partnership agreements to optimize port infrastructure and services with United Arab Emirates-based Abu Dhabi Ports.
WeLight has secured €19 million in funding to deploy solar mini-grids which will connect 45,000 households and 250,000 consumers across 120 villages in Madagascar.
