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The African Development Bank (AfDB) Group has approved a grant amounting to US$3.04mn to finance feasibility studies on the Kholombidzo Hydroelectric Power Plant (HPP) in Malawi
The government of Malawi will contribute seven per cent of the total study cost of US$3.27mn.
The grant will aim to produce a full bankable feasibility study for development of a power generation project to contribute to the expansion of electricity generating capacity in Malawi, which would help to address electricity shortages and enable the delivery of energy and electricity access expansion in Malawi.
The study will be consistent with the objectives of the Malawi Growth and Development Strategy II (MGDS II) which emphasises the importance of putting in place a foundation for long-term economic growth through improved infrastructure and investment climate.
By supporting the study, the African Development Fund will be contributing to facilitating investment in the provision of electricity needed for supporting economic growth and poverty reduction.
The initiative will also present an opportunity for knowledge sharing from previous experiences in other member countries.