Malawi is receiving an $84.7 million facility from the World Bank in support of its plans to develop domestic sources of electricity.
The World Bank said (June 28) it will provide a $65.4 million grant and $19.3 million concessional credit for a project that aims to improve the capacity of Malawi’s power generation systems to transit and reach consumers.
The funding according to a statement will be used for the installation of more transformers and construction of distribution substations to ease the pressure on Malawi’s mostly overloaded power distribution substations. Existing substations will also be upgraded under the project.
The Energy Sector Support Project will be implemented by Malawi’s Ministry of Natural Resources, Energy and Environment and the Electricity Supply Corporation of Malawi.