Scatec to co-develop 350 MW hydropower plant with Malawi, EDF and IFC

The government of Malawi, development finance institution the International Finance Corporation (IFC), renewable energy solutions company Scatec and integrated energy company EDF have signed a binding commercial agreement to co-develop the 350 MW Mpatamanga hydropower project on the Shire river.  The agreement was signed under Malawi’s Public-Private Partnership framework and concludes the selection process undertaken by the government of Malawi to competitively select a private sector partner to finance, build and operate the Mpatamanga hydropower plant.