The World Bank Board of Executive Directors has approved a US$ 350 million grant from the International Development Association (IDA) to support Malawi’s Mpatamanga Hydropower Storage Project (MHSP).
The MHSP will have a total generation capacity of 358.5 MW, comprising a 301 MW peaking plant at the main dam and a 57.5 MW baseload plant downstream at the regulating dam. The project is situated along the Shire River, between two existing hydropower facilities. Implemented as a public-private partnership, the project is led by a consortium including Electricité de France (EDF) and SN Malawi BV, backed by British International Investment, Norfund, and TotalEnergies.
Upon completion, the MHSP is expected to provide electricity to over 1 million new households, significantly improving energy access across Malawi. The construction and operation phases are projected to create thousands of jobs, contributing to economic growth and development. With a total cost exceeding US$1.5 billion, the MHSP represents the largest foreign direct investment in Malawi's history, marking a significant milestone in the country's infrastructure development.
Country updates
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March 03, 2025
Scatec completes sale of African hydropower assets to TotalEnergies for USD 167 million
Scatec ASA has sold a 51% stake in the African hydropower joint venture with Norfund and British International Investment (BII) to TotalEnergies for USD 167 million. The sales agreement includes...
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November 28, 2023
Construction started for 10 MW solar power plant in Salima district
Malawi’s Electricity Generation Company (EGENCO) launched the construction of a 10 MW solar power plant in the Salima district. China's Chint Electrical Company is the project contractor for th...
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December 22, 2022
Gridworks to invest in Virunga Power
Gridworks has announced that it will invest US$50 million in Kenyan renewable energy firm Virunga Power. Virunga Power, an African rural electric company that develops, invests in, and runs distribut...
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September 07, 2022
Malawi Government, IFC, Scatec JV and EDF sign a binding agreement to develop a 350 MW hydropower project
The Government of Malawi, International Finance Corporation (IFC), Scatec and EDF have signed a binding commercial agreement to co-develop the 350 MW Mpatamanga hydroelectric power plant project that...
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July 27, 2022
MIGA supports development of 20 MWp Golomoti solar project in Dedza
JCM Golomoti UK Limited has received a guarantee from MIGA in the amount of US$24 million for equity and shareholder loan investments for the development, construction, and operation of a new 20 MW so...
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