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My Take On It: A snapshot of Malawi s leaders in 57 years of independent rule, Part IV
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ATI provides liquidity cover for JCM Salima Solar project in Malawi
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Lake Malawi
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ATI (www.ATI-ACA.org), through RLSF, has supported the 60 MW Salima Solar PV plant in Malawi; this is the second project in the country to benefit from RLSF; the first project being Phase 1 of the Nkhotakota Solar Power Plant, with an initial installed capacity of 21 MW; with project construction almost finalized, Salima Solar will be the first solar PV in Malawi to connect to the grid.
The African Trade Insurance Agency (ATI), under its Regional Liquidity Support Facility (RLSF), has supported the Salima Solar PV plant, by providing a revolving liquidity guarantee that can be drawn following any payment delays by the national offtaker – Electricity Supply Corporation of Malawi Limited (ESCOM). This is the second project in the country to benefit from RLSF, the first project being Phase 1 of the Nkhotakota Solar Power Plant, with an initial installed capacity of 21 MW.
The Minister of Natural Resources, Nancy Tembo, has vowed that she will not resign over the ‘plunder’ of US$50 million (about K40 billion), saying she was not the minister by the time of the free-for-all distribution of the public resources by officials at the ministry.
This week, the Centre for Democracy and Economic Development Initiatives (CDEDI) demanded that Tembo should account for the money or resign within 72 hours.
Tembo–The loot happened before my time – Photo by Watipaso Mzungu, Nyasa Times
CDEDI executive director Sylvester Namiwa claimed that officials from the Ministry of Natural Resources have been dodging the Parliamentary Committee on Natural Resources and Climate Change, in their futile attempt to conceal the mess.