- The Geothermal Development Company (GDC) and the Electricity Generation Company (Malawi) LTD, (EGENCO) have signed a Collaboration Framework Agreement (CFA) on execution of geothermal projects in Malawi.
- In the CFA, GDC will support the Malawian’s quest for geothermal development.
The CFA will tackle three broad areas namely: technical assistance that includes provision geoscientific studies services, support in institutional framework development and resource mobilization.
The two Principals – Mr. Paul Ngugi, the Managing Director and CEO of GDC, and his Counterpart Mr. William Liabunya the CEO, EGENCO, agreed in principle to accelerate the development of geothermal energy in Malawi.
“This is an important milestone for our two entities as we seek energy solutions for Africa. GDC is honoured to be your partner of choice as you embark on this exciting journey of developing your geothermal resources,” Mr. Ngugi said soon after signing the CFA.
The CEO assured the Malawians that GDC has vast pool of expertise in geothermal technology that will come handy. On his part, the ENGENCO CEO expressed his excitement saying that “It’s new beginnings for Malawi. We are happy to collaborate with GDC as we seek to diversify our energy sources.”
Mr. Ngugi noted that GDC is steadily expanding its footprints in the region. “Our brand is improving. We’re getting more stakeholders who want to do business with us. On this Malawi CFA, it’s a moment of celebration for GDC,” the CEO enthused.
Author: Bryan Groenendaal
