The Guardian Nigeria News - Nigeria and World News guardian.ng 16 Jul, 2021 03:45 am

African Trade Insurance Agency (ATI) Steps in to Provide Liquidity Cover for the 60 MW JCM Salima Solar PV - The Second Project in Malawi to Benefit from the Regional Liquidity Support Facility (RLSF)

African Trade Insurance Agency (ATI) Steps in to Provide Liquidity Cover for the 60 MW JCM Salima Solar PV - The Second Project in Malawi to Benefit from the Regional Liquidity Support Facility (RLSF)
ATI (www.ATI-ACA.org), through RLSF, has supported the 60 MW Salima Solar PV plant in Malawi; this is the second project in the country to benefit from RLSF; the first project being Phase 1 of the Nkhotakota Solar Power Plant, with an initial installed capacity of 21 MW; with project construction almost finalized, Salima Solar will […]

org), through RLSF, has supported the 60 MW Salima Solar PV plant in Malawi; this is the second project in the country to benefit from RLSF; the first project being Phase 1 of the Nkhotakota Solar Power Plant, with an initial installed capacity of 21 MW; with project construction almost finalized, Salima Solar will be the first solar PV in Malawi to connect to the grid.The African Trade Insurance Agency (ATI), under its Regional Liquidity Support Facility (RLSF), has supported the Salima Solar PV plant, by providing a revolving liquidity guarantee that can be drawn following any payment delays by the national offtaker – Electricity Supply Corporation of Malawi Limited (ESCOM).The 60 MW Salima Solar PV plant, being one of the most advanced projects, will be instrumental for Malawi’s underdeveloped electricity sector which has an installed generation capacity of around 439 MW.Salima Solar PV plant is due to start operations in August 2021.

The Salima Solar project is positively changing Malawi’s energy landscape whereby JCM is firmly committed to continue to play a pivotal role in further developing the country’s energy sector.The revolving liquidity guarantee provided by ATI, under its Regional Liquidity Support Facility, will support Salima Solar, ensuring that it can deliver reliable access to clean electricity; powering future economic growth.

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