Applications in the prequalification process will be accepted by March 2, 2018. Up to five companies will be shortlisted to take part in the final tender and submit detailed proposals, with their names to be announced on March 9.
The winner in the auction will also build the project’s transmission infrastructure and will take the responsibility of the plant’s operations and maintenance (O&M).
Malawi-based ProjectCo is backed by InfraCo Africa Ltd, Canadian private equity firm JCM Power and South Africa’s Matswani Capital (PTY) Ltd.
Malawi has been suffering frequent power outages as severe drought conditions have caused power generation from hydropower facilities to drop in recent months. ESCO has committed to add 70 MW of solar power capacity to the national grid by contracting independent power producers.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.