{"id":25775,"date":"2022-07-02T20:11:05","date_gmt":"2022-07-02T20:11:05","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/govt-secures-k60bn-from-world-bank-to-rehabilitate-the-damaged-kapichira-hydro-power"},"modified":"2022-07-02T20:53:18","modified_gmt":"2022-07-02T20:53:18","slug":"govt-secures-k60bn-from-world-bank-to-rehabilitate-the-damaged-kapichira-hydro-power","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/govt-secures-k60bn-from-world-bank-to-rehabilitate-the-damaged-kapichira-hydro-power","title":{"rendered":"Govt secures K60bn from World Bank to rehabilitate the damaged Kapichira Hydro power"},"content":{"rendered":"

Africa-Press – Malawi. <\/strong><\/span>President Lazarus Chakwera has disclosed that his government has secured a K60 billion ($60 million) soft loan from the World Bank to rehabilitate Kapichira Hydro power in the next six months.<\/p>\n

Kapachira was damaged and lost 135 Megawatts (Mw) due to Tropical Storm Anna forcing the country to resort to load-shedding. Chakwera disclosed this during the commissioning of the 20 Mw Golomoti Solar Project which uses a battery storage system.<\/p>\n

He said the rehabilitation of Kapichira is very critical because it will ensure that the country stays focused on reaching the target of having 1000 Mw supplied to the grid within the next three years.<\/p>\n

\u201cBlackouts have been inconvenient but Malawians can expect to see a significant drop in blackouts by christmas,\u201d he said<\/p>\n

Chakwera also instructed the Minister of Energy, Ibrahim Matola, to urgently resolve all government bureaucracy that hinder Independent Power Producers (IPP) from starting implementation.<\/p>\n

He said: \u201d I therefore trust you to attend to this matter and give me a report by the end of this month on the status of each IPP that has expressed interest in helping us with our energy needs.\u201d<\/p>\n

Minister of Energy, Matola, urged the IPP\u2019s to speed up their processes within two to three weeks. \u201cWith consultation from the Attorney General (AG) we will cancel all contracts that do not show interest in investing in the sector,\u201d he said.<\/p>\n

However, JCM Power Chief Executive Officer (CEO), Christian Wray, said his company will continue to expand solar energy to make sure the government realizes its goal.<\/p>\n

\u201cThe continuous improvement of the energy situation in Malawi is of critical importance to the economic development of the country\u201d he said. Meanwhile, JCM Solar Power as an IPP is adding 80 Mw of energy to the national grid from its Salima project contributing 60 Mw and Golomoti 20 Mw.<\/p>\n

For More News And Analysis About Malawi<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Malawi. President Lazarus Chakwera has disclosed that his government has secured a K60 billion ($60 million) soft loan from the World Bank to rehabilitate Kapichira Hydro power in the next six months. Kapachira was damaged and lost 135 Megawatts (Mw) due to Tropical Storm Anna forcing the country to resort to load-shedding. Chakwera […]<\/p>\n","protected":false},"author":84,"featured_media":25774,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,8,12],"tags":[233,371,234],"class_list":["post-25775","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-homepage-english","category-policy","tag-africa-press","tag-africa-press-malawi","tag-malawi"],"yoast_head":"\nGovt secures K60bn from World Bank to rehabilitate the damaged Kapichira Hydro power - Malawi<\/title>\n<meta name=\"description\" content=\"President Lazarus Chakwera has disclosed that his government has secured a K60 billion ($60 million) soft loan from the ...\" \/>\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\/govt-secures-k60bn-from-world-bank-to-rehabilitate-the-damaged-kapichira-hydro-power\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt secures K60bn from World Bank to rehabilitate the damaged Kapichira Hydro power\" \/>\n<meta property=\"og:description\" content=\"President Lazarus Chakwera has disclosed that his government has secured a K60 billion ($60 million) soft loan from the ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/govt-secures-k60bn-from-world-bank-to-rehabilitate-the-damaged-kapichira-hydro-power\" \/>\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=\"2022-07-02T20:11:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-02T20:53:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/07\/postQueueImg_30-62c0b0285a5b3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\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=\"2 minutes\" \/>\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\/govt-secures-k60bn-from-world-bank-to-rehabilitate-the-damaged-kapichira-hydro-power#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/govt-secures-k60bn-from-world-bank-to-rehabilitate-the-damaged-kapichira-hydro-power\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Govt secures K60bn from World Bank to rehabilitate the damaged Kapichira Hydro power\",\"datePublished\":\"2022-07-02T20:11:05+00:00\",\"dateModified\":\"2022-07-02T20:53:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/govt-secures-k60bn-from-world-bank-to-rehabilitate-the-damaged-kapichira-hydro-power\"},\"wordCount\":324,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/govt-secures-k60bn-from-world-bank-to-rehabilitate-the-damaged-kapichira-hydro-power#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/07\/postQueueImg_30-62c0b0285a5b3.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Malawi\",\"Malawi\"],\"articleSection\":[\"all news\",\"homepage-english\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/govt-secures-k60bn-from-world-bank-to-rehabilitate-the-damaged-kapichira-hydro-power#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/govt-secures-k60bn-from-world-bank-to-rehabilitate-the-damaged-kapichira-hydro-power\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/govt-secures-k60bn-from-world-bank-to-rehabilitate-the-damaged-kapichira-hydro-power\",\"name\":\"Govt secures K60bn from World Bank to rehabilitate the damaged Kapichira Hydro power - 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