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EXPECT MORE INVESTMENTS IN POWER SECTOR-MERA

The Malawi Energy Regulatory Authority (MERA) says Malawians should expect new investments in the electricity sector as a result of the implementation of various reforms in the sector.

The energy sector regulator also says currently, an enabling environment has been created in the country’s power sector for increased private sector investment in electricity generation, in the wake of the reforms.

“With the reforms that have taken place in the electricity sector, Malawians should expect new investments in the electricity sector particularly in power generation,” said MERA Acting Chief Executive Officer Ishmael Chiwoko in an email interview.

He was speaking in the context of how reforms under the Millennium Challenge Corporation (MCC) funded power compact, worth $350.7 million, has impacted on their role as energy sector regulator so far.