Latest news with #MpatamangaHydropowerStorageProject
TimesLIVE
26-05-2025
- Business
- TimesLIVE
World Bank approves $350m grant for Malawi hydropower project
The World Bank's board of directors has approved a $350m (R6.25bn) grant to support a large hydropower storage project in Malawi that will significantly increase the Southern African country's generation capacity. The World Bank said in a statement earlier this month that the Mpatamanga Hydropower Storage Project would help supply electricity to over 1-million new households and create thousands of jobs. The public-private partnership with an expected overall cost of over $1.5bn (R26.79bn) will represent the largest foreign direct investment in Malawi's history. In September 2022 the Malawian government selected a consortium consisting of Electricité de France and SN Malawi BV owned by British International Investment, Norfund and TotalEnergies to lead the project's development and implementation. The project will have a total generation capacity of 358 megawatts, doubling Malawi's installed hydropower capacity by building two dams along the Shire River between two existing hydropower facilities, according to its website.
Business Recorder
16-05-2025
- Business
- Business Recorder
World Bank approves $350 million grant for Malawi hydropower project
BLANTYRE: The World Bank's board ofdirectors has approved a $350 million grant to support a large hydropower storage project in Malawi that will significantly increase the Southern African country's generation capacity. The World Bank said in a statement late on Thursday that the Mpatamanga Hydropower Storage Project would help supplyelectricity to over 1 million new households and create thousands of jobs. The public-private partnership with an expected overall cost of over $1.5 billion will represent the largest foreign direct investment in Malawi's history. Malawi's IMF programme ends after only $35 million disbursed In September 2022 the Malawian government selected a consortium consisting of Electricité de France and SN Malawi BV owned by British International Investment, Norfund and TotalEnergies to lead the project's development and implementation. The project will have a total generation capacity of 358 megawatts, doubling Malawi's installed hydropower capacity by building two dams along the Shire River between two existing hydropower facilities, according to its website.
Yahoo
16-05-2025
- Business
- Yahoo
World Bank approves $350 million grant for Malawi hydropower project
BLANTYRE (Reuters) -The World Bank's board of directors has approved a $350 million grant to support a large hydropower storage project in Malawi that will significantly increase the Southern African country's generation capacity. The World Bank said in a statement late on Thursday that the Mpatamanga Hydropower Storage Project would help supply electricity to over 1 million new households and create thousands of jobs. The public-private partnership with an expected overall cost of over $1.5 billion will represent the largest foreign direct investment in Malawi's history. In September 2022 the Malawian government selected a consortium consisting of Electricité de France and SN Malawi BV owned by British International Investment, Norfund and TotalEnergies to lead the project's development and implementation. The project will have a total generation capacity of 358 megawatts, doubling Malawi's installed hydropower capacity by building two dams along the Shire River between two existing hydropower facilities, according to its website.
Straits Times
16-05-2025
- Business
- Straits Times
World Bank approves $350 million grant for Malawi hydropower project
The World Bank logo is seen at the 2023 Spring Meetings of the World Bank Group and the International Monetary Fund in Washington, U.S., April 13, 2023. REUTERS/Elizabeth Frantz/File Photo BLANTYRE - The World Bank's board of directors has approved a $350 million grant to support a large hydropower storage project in Malawi that will significantly increase the Southern African country's generation capacity. The World Bank said in a statement late on Thursday that the Mpatamanga Hydropower Storage Project would help supply electricity to over 1 million new households and create thousands of jobs. The public-private partnership with an expected overall cost of over $1.5 billion will represent the largest foreign direct investment in Malawi's history. In September 2022 the Malawian government selected a consortium consisting of Electricité de France and SN Malawi BV owned by British International Investment, Norfund and TotalEnergies to lead the project's development and implementation. The project will have a total generation capacity of 358 megawatts, doubling Malawi's installed hydropower capacity by building two dams along the Shire River between two existing hydropower facilities, according to its website. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
