July 20, 2010

President rejects World Bank’s electricity plan

A World Bank-backed plan to source power from neighboring Mozambique has been rejected by President Bingu wa Mutharika. He said the southern African nation should build hydropower plants to meet its own requirements. “The deal highly favors Mozambique,” the President stressed. “The agreement is that Malawi should be paying a monthly fee of $1 million per month whether we use the electricity or not. This is not feasible and a waste of the country’s resources and as long as I am president of this country, I won’t allow it to happen.” Mutharika said Malawi should make use of the country’s water resources to generate its own power instead of tapping power from Mozambique. (SADOCC)

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