Malawi: New generation company

The government has incorporated a new state-owned company, the Electricity Generation Company (Egenco), which will take over generation assets from the Electricity Supply Corporation of Malawi (Escom). Department of Energy Affairs deputy director Joseph Kalowekamo told African Energy Escom would retain responsibility for transmission and distribution as well as the trading of electricity across the grid through a not-yet-established single buyer. A system and market operator will be established within Escom. The new company is the latest development in a country that, after years of delay, has begun to make significant strides towards reforming its moribund power sector with new legislation and serious moves towards developing independent power producers (IPPs).