InfraCo Africa has announced that JCM Matswani Solar Corp Limited has signed a 20-year power purchase agreement (PPA) with the Malawian national utility, Electricity Supply Corporation of Malawi Limited (ESCOM) to progress the 60 MWAC Salima Solar project.
Co-developed by InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), a development fund managed by a subsidiary of JCM Power and Matswani Capital, Salima Solar will be among Malawi’s first commercial-scale solar photovoltaic plants.
InfraCo Africa has committed US$2.6m to the development of Salima Solar and has to date leveraged US$320,000 in grant funding from its sister PIDG company, the Technical Assistance Facility (TAF), to support the acquisition of the project site.
The Environmental and Social Impact Assessment and technical studies for the project are now complete. The project is expected to reach financial close in Q4 2018 and to begin delivering clean power to Malawi’s national grid in 2019.
Country updates
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June 07, 2018
JCM Power and InfraCo have been granted permission by the Malawi government to acquire the required land for the project
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February 14, 2018
RFEOI issued for 40 MW solar PV project in Malawi
JCM Matswani Solar Corp Limited has issued a Request for Expressions of Interest for the engineering, procurement and construction and long-term operation and maintenance of a 40 MW solar photovo...
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February 07, 2018
Exim Bank of China finance coal-fired power plant in Malawi
The Government of Malawi has disclosed that the 300 MW Kam’mwamba coal-fired power plant project is being financed with a US$667 million loan from the Export-Import (Exim) Ba...
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July 27, 2017
Construction works are scheduled to start in October and commissioning is expected by 202
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December 03, 2015
The Government of Malawi has signed a Memorandum of Understanding (MOU) with China Gezhouba Group Corporation (CGGC) to develop the project
