Firm planning to build solar plant | The Times Group

Firm planning to build solar plant | The Times Group:



Firm planning to build solar plant
Posted By: Taonga Sabola on: February 09, 2018 In: Business No Comments
As the country continues to experience power challenges, a firm called ProjectCo has disclosed
plans to build a 40 megawatts (MW) solar power station in Salima.
ProjectCo is a special purpose vehicle (SPV) incorporated to develop, finance, build, own and
operate solar energy projects.
ProjectCO, whose shareholders include Canadian JCM Power, InfraCo Africa Limited of the UK
and South Africa's Matswani Capital, has since floated bids for firms to build the station.
The firm said the station will be built on an 80-hectare site within 4km of Salima's Nanjoka
substation in Malawi. The solar photovoltaic (PV) power plant is to be built under a full-wrap
turnkey, lump sum fixed price, date-certain engineering, procurement and construction contract in
combination with a long-term operation and maintenance contract.





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