$200 million for energy sector | The Times Group

$200 million for energy sector | The Times Group:


Finance Minister, Goodall Gondwe, has described his recent trip to the US, where he met officials
from the World Bank and the International Monetary Fund (IMF), as a success following a number
of deals he has struck with the institutions.
Top on the list are financial resources amounting to over $200 million that the World Bank has
pledged to give Malawi to boost the energy sector.
The resources are coming in the form of a 50 percent loan and 50 percent grant.
In an interview with Times Business, Gondwe, highlighted that the development partners have

committed to releasing the funds within the next six months.

He said that over $100 million dollars would be channelled towards the construction of

Mpatamanga Hydro-electric Power Station along the Shire River, over $70 million dollars would go

towards rolling out of solar energy projects whereas another $30 million would go towards an

interconnection project between Malawi and Mozambique.


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