Malawi will be receiving $84.7 million from the World Bank in support of its plans to develop domestic sources of electricity.
The World Bank said June 28 it will provide a $65.4 million grant and $19.3 million concessional credit for a project that aims to improve the capacity of Malawi’s power generation systems to transit and reach consumers. The funding will be used for the installation of more transformers and construction of distribution substations to ease the pressure off Malawi’s mostly overloaded power distribution substations. Existing substations will also be upgraded under the project, according to a World Bank news release.
The Energy Sector Support Project will be implemented by Malawi’s Ministry of Natural Resources, Energy and Environment and the Electricity Supply Corporation of Malawi.
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