Africa-Press – Malawi. The Energy minister, Ibrahim Matola on Thursday dared Electricity Supply Corporation of Malawi (ESCOM), Electricity Generation Company (EGENCO) and Power Market Limited (PML) to embrace unity of purpose and to stop fighting.
Matola therefore appealed to trio agencies start talking to each other and work together in one spirit of improving the country’s energy sector. The minster observes that disagreements between the three will affect government’s goal to grow the country’s energy sector to 1000 megawatts by 2025.
He was speaking during PML’s compendium launch in the capital Lilongwe. The compendium aims at creating an opportunity for investors where to explore more in the energy sector in the country.
“We know there are a few things need to be sorted out after unbundling of ESCOM into three. But you are one from one roof. We want you to speak to each other all the time to invigorate the energy sector for better, “urges Matola.
PML Chief Executive Officer Rosemary Mkandawire however assured investors of serious engagement in any venture might be interested. Malawi’s power market was previously vertically integrated with ESCOM limited monopolizing generation, transmission, distribution and system operations.
The compendium gives full details of areas where individuals, companies can invest in Malawi’s energy sector. However, Electricity (Amendment) Act of 2016 restructured the power market to improve efficiency.
This led to the unbundling of ESCOM by curving out the generation function to the creation of Electricity Generation Company (EGENCO) Limited. ESCOM retained transmission and distribution functions and assumed system and market operator and single buyer functions.
Furthermore, it allowed private participation in electricity generation and establishment of Power Market Limited (PML). PML is a single buyer responsible for purchasing and selling all-electric power.
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