PPA signed for 60MW solar project in Malawi

Environmental and social impact assessment and technical studies are now complete and the project is expected to reach financial close in Q4 2018. Flickr: Lars Plougmann

Project developers have signed a 20-year power purchase agreement (PPA) with Malawian national utility Electricity Supply Corporation of Malawi Limited (ESCOM) for a 60MW(AC) solar plant.

A special purpose vehicle JCM Matswani Solar Corp, backed by InfraCo Africa, Canadian private equity firm JCM Power and South Africa-based Matswani Capital, signed the PPA for the Salima Solar project.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

InfraCo Africa has committed US$2.6 million to the development of Salima Solar and has leveraged US$320,000 in grant funding from its sister Private Infrastructure Development Group (PIDG) company, the Technical Assistance Facility (TAF) to acquire the project site.

Environmental and social impact assessment and technical studies are now complete and the project is expected to reach financial close in Q4 2018 and to start supplying power to Malawi’s national grid in 2019.

JCM Power head of Africa Justin Woodward said: “The PPA signing marks a key step in the collaboration between ourselves, InfraCo Africa, ESCOM and the Government of Malawi on the Salima Solar project and will enable us to secure financing for the construction phase. Malawi has significant solar potential and we are pleased to be a part of a project which is supporting efforts to diversify the country’s energy mix and increase access to clean, reliable power for homes and businesses.”

InfraCo Africa head of East African Business Development Bertrand Belben said: “We are delighted to be working with our partners to pioneer commercial-scale solar power in Malawi. As part of PIDG, InfraCo Africa seeks to alleviate poverty and promote economic development in sub-Saharan Africa. We do this by providing the early stage finance and expertise necessary to mobilise private sector investment into high-quality infrastructure projects like Salima Solar.”

The Government of Malawi believes that projects like Salima will be a model for future private sector involvement in Malawi’s energy sector.

Read Next

October 2, 2019
32MW Djermaya is contracted to sell power to the diesel-monopolised national utility and will mark series of debuts for African state, including its first electricity private-public-partnership.
August 20, 2019
Caledonia group mulls solar PV plant as Zimbabwe's unprecedented power crisis triggers a slowdown in the broader mining sector, with three other players allegedly bankrolling the state utility's emergency purchase of international power.
May 22, 2019
Monkey Bay Solar project will feature HDPE-based ‘islands’ anchored via underwater cabling some 250 metres off Lake Malawi’s shores, firm tells PV Tech
February 15, 2019
The state-owned Electricity Generation Company of Malawi (EGENCO) has called for expressions of interest for installation of a 10MW solar PV project at Nanjoka in Salima that can later be scaled to 20MW.
December 13, 2018
InfraCo Africa backs 50MW Cameroon project, Czech Republic installs 7MW of solar plants so far in 2018, Brazilian beer company Ambev eyes solar.
December 6, 2018
Arthur Peter Mutharika, President of the Republic of Malawi, helped lead a groundbreaking ceremony to mark the start of construction of the 60MW Salima Solar project within the country.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
July 2, 2024
Athens, Greece
Solar Media Events
July 9, 2024
Sands Expo and Convention Centre, Singapore
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia