An Egyptian multinational electrical company, Elsewedy Electric, on Friday signed a Memorandum of Understanding (MOU) with Malawi Government to construct a 50 megawatts solar power plant in the country.
Speaking during the signing ceremony in Lilongwe Minister of Energy Ibrahim Matola said the power plant will increase supply of electricity to the already strained hydro power plants in the country.
Matola said the country’s power generation depends more on hydro power which has been affected by climate change.
He said the Government has plans of adding 1000 megawatts to the county’s grid by 2025 and this can only be achieved if companies like Elsewedy Electric assist the government towards achieving the goal.
In November 2021 the State President Dr. Lazarus McCarthy Chakwera attended the Intra-Africa trade fair in Durban South Africa where he had negotiations with President and Chief Executive Officer of Elsewedy Electrical and signed a US$1 billion (K816 billion) deal.
The CEO of Elsewedy said the signing of an MOU in Durban South Africa after fruitful business discussions with the county’s President is what has yielded the plans of constructing a Solar power plant which will assist the country in improving the electricity supply.