Malawi has qualified for a second Millennium Challenge Corporation (MCC) development compact following successful implementation of the first compact.
Malawi implemented energy projects under the $350 million MCC compact which closed in September this year.
MCC tweeted on Wednesday evening that its board has approved a second compact for Malawi.
“MCC is excited to announce that at yesterday’s board directors meeting the board selected Malawi as eligible for compact programme,” the agency tweeted.
Meanwhile, Malawi Minister of Finance, Economic Planning and Development Goodall Gondwe has welcomed the approval of the second compact obeserving that it has come because of good performance in the first compact.
Gondwe said government was yet to decide on which projects will be implemented in the second compact.
“On the power generation, we seem to be okay now. Maybe we could go to another aspect of infrastructure. Maybe transportation, but we will see, we’ll see,” he said.
Through the five year MCC energy compact, Malawi erected a 132 kilovolts (kV) overhead transmission line from Nkhoma to Bunda Turn-off and constructed two 400/132 kV power transmission lines.
Malawi’s main power production station Nkula A was also rehabilitated, adding 12 Megawatts (MW) to the national grid.