September 29

DFC Provides $25 Million Loan for Golomoti Solar Power Plant in Malawi

By Jean Marie Takouleu

In Malawi, the US Development Finance Corporation (DFC) is providing a $25 million loan for the Golomoti solar project. The project is already in the operational phase and is being developed under a public-private partnership (PPP).

The loan agreement between the U.S. Development Finance Corporation (DFC) and the developers of the Golomoti solar project was signed in the presence of Malawi’s President Lazarus Chakwera. This was on the sidelines of the 77th session of the United Nations General Assembly in New York, USA.

Source: Afrik 21 (link opens in a new window)

partnerships, renewable energy, solar