The agreement, signed under Malawi’s Public-Private Partnership framework, concludes the selection process undertaken by the Government of Malawi to competitively select a private sector partner to finance, build, and operate the Mpatamanga hydropower plant.
IFC worked closely with the Government of Malawi to support the early-stage project development and provided funding for activities that allowed the government to launch the competitive tender process.
Located on the Shire River, the 350-megawatt (MW) facility will be a first of its kind in Malawi.
The generation facility is composed of two plants – a 309 MW peaking plant and a 41 MW downstream plant.
The 309 MW plant with its reservoir storage is designed to provide much-needed energy during peak demand hours of the day and overall grid stability with its ability to ramp up or down production to meet actual demand.
“The 350 MW Mpatamanga hydropower project will not only double the installed capacity of hydropower in Malawi but also improve power supply security, provide opportunities for increased renewable energy generation capacity in the country and contribute to controlling the flow of the Shire River downstream of the power plant,” said Minister of Energy in Malawi, Honourable Ibrahim Matola.
“The Government of Malawi is indebted to its partners in achieving this milestone, which is a major step in the development of this project.”
“We are proud to contribute to the Mpatamanga project, which is a great opportunity to bring our technical expertise in hydropower and our strong environmental and social commitment to local communities and biodiversity.”
The signing of this partnership strengthens EDF’s position in Africa, a strategic region for our development.
The partners will work extensively with all stakeholders and support project implementation, building on EDF’s and Scatec’s strong ESG track record in the development of hydropower projects across the globe, in alignment with IFC’s environmental and social standards.