Malawi Sustainable Energy Study report has shown that 3 billion dollars investment is needed to achieve Sustainable Energy for all Malawians by 2030.
Speaking during the launch of the report Chief director for Energy Affairs in the Ministry of Natural Resources, Energy and Mining, Chimwemwe Banda, said they conducted the study to find different ways of generating power to curb blackouts.
“Malawi is expected to save about 500 million Dollars between this year and 2030 if the results of the study are adhered to,” said Banda
In her remarks, Director of United Nations Office of the High-Representative for Least Developed Countries, Landlocked Developing Countries and small Island Developing States, Heidi Fox, said the study represents an important tool for Malawi to secure Sustainable energy.
“My office is ready to support Malawi in the implementation of the investment study and the power sector,” Fox said
Commenting, United Nations Resident Coordinator, Maria Torres, said insufficient and unreliable electricity is hampering social and economic development in the country.
She said there is need for joint effort to address the problem because Malawi has the capacity to achieve the energy access target.