InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has signed a Shareholders Agreement with its Preferred Developer JCM Power (JCM), committing up to US$2.3m to co-develop the Golomoti Solar project in Malawi.
The two companies have been working together since 2016 to develop the 60 MWAC Salima Solar project in Malawi. It is anticipated that Golomoti will leverage the partnership’s learning from the Salima project to progress more swiftly to construction and operations. In September 2018, a Power Purchase Agreement for both solar projects was signed by the national utility ESCOM.