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.
The way Charles Mchacha is castigating the Leader of Opposition in Parliament, Hon Kondwani Nankhumwa, is just testimony enough that Read more
If you thought Malawians are lazy people, I bet you a Dinosaur, think twice and you will know, check in Read more
The recent arrest in Malawi of three opposition politicians accused of planning to unseat President Peter Mutharika is dissent from Read more
The US embassy has denied involvement in an alleged plot to overthrow the president, Peter Mutharika. Analysis Media reports that Read more