Press Corporation Limited (PCL) plc group chief executive officer Ronald Mangani says they have partnered Malawi Consulate in South Africa to sell the country’s investment-ready energy projects to potential investors.
In a statement made available to Business News, he said this is because the energy sector is a critical enabler for economic growth.
Mangani said: “We are not only showcasing Press Energy Limited’s contributions, but also the broader energy ambitions of PCL.
“We are committed to driving investments into solar, biomass and other renewable technologies.”
PCL, through its subsidiary Press Energy Limited, is advancing a renewable energy drive that will see the development of a 50-megawatts (MW) solar power project in Nkhoma in Lilongwe, which is expected to feed electricity into the national grid to support Malawi’s goal of achieving 1 000 MW electricity generation capacity by 2030.
PCL, through its energy company Press Energy Limited, is representing Malawi’s private sector at the four-day Africa Energy Indaba at Cape Town International Convention Centre in South Africa.
On his part, Malawi Consulate General Maxwell Biwi said the indaba provides a platform to engage investors, financiers and technology partners to support the country’s transition to a more resilient and diversified energy mix.
