Goodbye blackouts? New electricity company registered in Malawi

Amid continuing blackouts in the country, government has now registered a new energy company which will be generating power in Malawi.

According to Minister of Energy, Mining and Natural Resources Bright Msaka the new company is EGN co.

Msaka said the company will be producing electricity while Electricity Supply Corporation of Malawi (Escom) will just be buying the energy from EGN co for distribution to consumers.

“We have now incorporated a new power producing company called EGN co. It is now an independent company of the mainstream Escom.”

“The company will be responsible for production issues and it will be in charge of Nkula, Tedzani, Kapichira falls plus other smaller installations,” said Msaka.

The minister added that EGN co will also continue introducing new projects of power generation with the aim of reducing blackouts.

The development comes months after Parliament passed an electricity amendment bill aimed at bringing more players into the power sector by reducing the roles of Escom.

After the unbundling is complete, Escom will only be responsible for buying of electricity from private companies, as well as transportation and distribution of the power to all parts of the country.

Government hopes the unbundling of the electricity supplier will reduce blackouts in the country.

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