Tuesday, September 27News That Matters
Shadow

Electricity To Go Up

Share the story

Electricity Supply Corporation of Malawi (Escom) Chief Executive Officer (CEO) , Kamkwamba Kumwenda, says there is a need to adjust upward end-user tariffs if the power utility body is to sustain its operations.

The Escom CEO, speaking at a press briefing in Blantyre, said the state-owned power utility body has been operating at a loss, which cumulatively stands at K112 billion since its unbundling in 2018.

He disclosed that the company currently buys electricity from power producers at K140 per kilowatt per hour but sells it to the end-user at K104 per kilowatt per hour, a thing he said is crippling operations.

“Escom is dying. The choice is ours; either we close Escom or increase tariffs,” Kumwenda said.

Related News
ESCOM, Parliament Crash On Power Price

Parliamentary Committee on Natural Resources and Climate Change chairperson Welani Chilenga and two other people in the energy sector have Read more

ESCOM Lost K112 Billion

The Electricity Supply Corporation of Malawi (ESCOM) says since its unbundling in 2018, it has been operating at a loss, Read more

Billing fraud Hits Escom

Electricity Supply Corporation of Malawi (Escom) Chief Executive Officer Kamkwamba Kumwenda Monday stormed some business premises in Blantyre and accused Read more

Chakwera In Office today, Attending To Various Matters of National Interest.

His Excellency the State President of the Republic of Malawi Dr Lazarus McCarthy Chakwera writes; - I am in office Read more

Energy Minister In Closed Meeting With Egenco And ESCOM Over System Shutdowns

Minister of Energy Ibrahim Matola is this morning engaging Electricity Generation Company (Egenco) on the intermittent power supply cuts the Read more

ESCOM, EGENCO Investigates Power System Shutdowns

Power generation and power line experts from ESCOM and EGENCO are at the Tedzani power station investigating the cause of Read more


Share the story

Leave a Reply

Your email address will not be published.