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Saturday, August 4, 2018

Economic Expert Warns on Delays to Sign IPPs

Economic Expert Warns on Delays to Sign IPPs: An economic expert has warned delays by government to bring in Independent Power Producers (IPPs) would derail efforts to grow the economy with 7% per year as touted by President Peter Mutharika.

Gilbert Kachamba, a lecturer at the Catholic University, observed in an interview with Zodiak Online failure to add more power to the national grid is heavily impacting on employment and cost of production.

Kachamba warns that the delays to address power problems have the potential to change the economic course of the country.

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