Germany has shown interest to invest in the bioenergy sector to boost the country’s energy sector.
German Federal Minister of Economic Corporation and Development, Gerd Muller said this at Kamuzu Palace in Lilongwe on Monday in an audience with President Peter Mutharika.
The remarks come amidst Mutharika’s acknowledgement of the country’s challenges in the energy sector.
Muller said there is need for Germany and Malawi governments to identify where implementation of programmes of this sector can be done in future considering the huge potential that Malawi has in bioenergy.
“This country has a huge potential with regards to biomass, water, wind or solar energy. We need to expand on this sector,” he said.
Malawi and Germany have embarked on negotiations on which projects to take in 2019 valued at 58 million euro (about K48 billion).