By Kondanani Chilimunthaka
The fruits of recent visits to foreign countries by President Lazarus Chakwera continue to trickle down to the country as Elsewedy Electric Company, an Egyptian multinational electrical company has become the latest to respond to Chakwera’ call for investors.
On Friday, March 11, 2022, the government of Malawi through the Minister of Energy, Ibrahim Matola and the President of Egyptian Elsewedy Electric company signed a Memorandum Of Understanding (MOU) that will see the Egyptian company planting a 50 megawatts Solar Plant to increase the capacity of power generation to the country.
“Following the meeting with the Malawi President in Durban last year, we are here signing the MOU. This morning we also met the President, and he made a proposal that we increase from 50 to 100 megawatts, and we have welcomed that. ” Said Elsewedy who is also the company’s CEO.
President Lazarus Chakwera has been saying that Malawi needs increased power generation to attract more investors into the country.
The signing ceremony which took place at Bingu International Convention Center (BICC) in the capital Lilongwe attracted different stakeholders among whom was the Minister of Trade and Industry, Mark Katsonga Phiri.
Meanwhile, Energy Minister, Ibrahim Matola has disclosed that the Solar Power Plant will be in the Northern Region.