A grant worth 20 million euros (about K16 billion) for the implementation of the Malawi-Mozambique Power Interconnection Project, has been provided by the European Union (EU), to connect the national grid to the Southern Africa Power Pool (Sapp).
The funds are drawn from the African Investment Facility (AfIF), which will be managed by German firm KfW. The EU grant will be complemented also with contributions from the government of Malawi as well as a World Bank loan.
Recently, during the inauguration of a three-day Taiyuan Energy Low-Carbon Development in north China’s Shanxi Province, the Minister of Natural Resources, Energy, and Mining Bintony Kutsaira appealed for a $2.5 billion (about K2 trillion) rescue package in form of foreign investment to boost the country’s power generation and supply capacity.