{"id":25634,"date":"2022-07-01T23:15:22","date_gmt":"2022-07-01T23:15:22","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/world-bank-pumps-us60m-towards-malawis-emergency-power-restoration"},"modified":"2022-07-01T23:56:53","modified_gmt":"2022-07-01T23:56:53","slug":"world-bank-pumps-us60m-towards-malawis-emergency-power-restoration","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/world-bank-pumps-us60m-towards-malawis-emergency-power-restoration","title":{"rendered":"World Bank pumps US$60m towards Malawi\u2019s emergency power restoration"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Malawi. <\/strong><\/span>In its response to support the implementation of Malawi-Emergency Power Restoration Project, the World Bank group through International Development Association (IDA)\u2019s Crisis Response Window has approved a total of US$60 million to Malawi Government.<\/p>\n<p>Of the amount, US$ 36 million is in credit form whereas US$34 million is in grant form. In a letter addressed to the Finance Minister Sosten Gwengwe, IDA Executive Director Taufila Nyamadzabo says the credit amount has a final maturity of 38 years including a grace period of 6 years while the grant amount will be on standard IDA terms.<\/p>\n<p>Nyamadzabo says bjectives of the Emergency Power Restoration project is to rehabilitate and increase resilience of the Kapichira Dam and spillways, and transportation and distribution of infrastructures damaged by Tropical Storm Ana.<\/p>\n<p>He says the project has two components which include Kapichira dam rehabilitation and strengthening,and the transmission and distribution network restoration.<\/p>\n<p>He adds that the project beneficiaries will include households and businesses, health facilities, schools, Water pumping stations as well as institutions who lost power due to the impact of Tropical Storm Ana.<\/p>\n<p>In January 2022, the severe flooding caused by Tropical Storm Ana brought about extensive damage to the 129.6 MW Kapichira Hydroelectric Power Plant\u2019s dam and spillways putting the power plant out of operation.<\/p>\n<p>The storm also damaged the transmission and distribution lines of the plant thereby causing widespread power outages in the Lower Shire Valley. Kapichira Hydroelectric power station is responsible for about 23 percent of the county\u2019s power generation capacity.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/malawi\">Malawi<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Malawi. In its response to support the implementation of Malawi-Emergency Power Restoration Project, the World Bank group through International Development Association (IDA)\u2019s Crisis Response Window has approved a total of US$60 million to Malawi Government. Of the amount, US$ 36 million is in credit form whereas US$34 million is in grant form. In [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":25633,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[233,371,234],"class_list":["post-25634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-malawi","tag-malawi"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>World Bank pumps US$60m towards Malawi\u2019s emergency power restoration - Malawi<\/title>\n<meta name=\"description\" content=\"In its response to support the implementation of Malawi-Emergency Power Restoration Project, the World Bank group throug ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/malawi\/all-news\/world-bank-pumps-us60m-towards-malawis-emergency-power-restoration\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World Bank pumps US$60m towards Malawi\u2019s emergency power restoration\" \/>\n<meta property=\"og:description\" content=\"In its response to support the implementation of Malawi-Emergency Power Restoration Project, the World Bank group throug ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/world-bank-pumps-us60m-towards-malawis-emergency-power-restoration\" \/>\n<meta property=\"og:site_name\" content=\"Malawi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-01T23:15:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-01T23:56:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/07\/postQueueImg_13.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"432\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/world-bank-pumps-us60m-towards-malawis-emergency-power-restoration#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/world-bank-pumps-us60m-towards-malawis-emergency-power-restoration\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"World Bank pumps US$60m towards Malawi\u2019s emergency power restoration\",\"datePublished\":\"2022-07-01T23:15:22+00:00\",\"dateModified\":\"2022-07-01T23:56:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/world-bank-pumps-us60m-towards-malawis-emergency-power-restoration\"},\"wordCount\":270,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/world-bank-pumps-us60m-towards-malawis-emergency-power-restoration#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/07\/postQueueImg_13.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Malawi\",\"Malawi\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/world-bank-pumps-us60m-towards-malawis-emergency-power-restoration#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/world-bank-pumps-us60m-towards-malawis-emergency-power-restoration\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/world-bank-pumps-us60m-towards-malawis-emergency-power-restoration\",\"name\":\"World Bank pumps US$60m towards Malawi\u2019s emergency power restoration - 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