Friday, September 20, 2013

Millennium Challenge Corporation (MCC) of US and Malawi Government sign $350.7m power deal

Millennium Challenge Corporation (MCC) of US and Malawi Government sign $350.7m power deal: Millennium Challenge Corporation (MCC) of US and Malawi Government sign $350.7m power deal“The Malawi government recognises that by encouraging good governance, economic freedoms and investing in people, the spirit of the Compact is consistent 

with Government’s goals of sustainably Reducing Poverty and encouraging Economic Growth as articulated in Vision 2020, the Malawi Growth and Development 

Strategy and the Economic Recovery Plan. Investments envisaged in the Compact will be pivotal in enabling Malawi to evacuate and distribute more power, 

whether domestically generated or imported, increase efficiency of existing system and institutions, and further position the energy sector for expansion by 

catalyzing private sector investment,” said Principal Secretary for Energy Winford Masanjala.

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