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Tag: Kamkwamba Kumwenda

ESCOM, Parliament Crash On Power Price

ESCOM, Parliament Crash On Power Price

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Parliamentary Committee on Natural Resources and Climate Change chairperson Welani Chilenga and two other people in the energy sector have disputed claims by the Electricity Supply Corporation of Malawi (Escom) chief executive officer Kamkwamba Kumwenda that the organisation is buying power at K140 per kilowatt per hour (kwh). In an interview on Thursday, Chilenga wondered where Escom is getting its figures because according to his understanding, the power utility organisation is buying electricity at an average of K59.2 per kwh, and not K140 as Kumwenda said during a press briefing on Wednesday last week. Said Chilenga: “I was wondering where Escom is getting is figures, and how it has arrived at those figures. It is not true that Escom is buying electricity at K140; that is not tr...
ESCOM Lost K112 Billion

ESCOM Lost K112 Billion

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The Electricity Supply Corporation of Malawi (ESCOM) says since its unbundling in 2018, it has been operating at a loss, accounting for K112 billion which has gone down the drain since the decision was effected. ESCOM Chief executive officer, Kamkwamba Kumwenda says, ESCOM is currently buying electricity from power producers at K140 per kilowatt, per hour, yet it is selling to end-user consumers at K104 per kilowatt, per hour. "ESCOM is slowly dying. It is either we close ESCOM or increase the tariffs. We are proposing automated price adjustments. We are currently negotiating with the Malawi Energy Regulatory Authority to increase the tariffs," said Kumwenda during a press briefing at the company's head office in Blantyre today.
Electricity To Go Up

Electricity To Go Up

News
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.
Billing fraud Hits Escom

Billing fraud Hits Escom

News
Electricity Supply Corporation of Malawi (Escom) Chief Executive Officer Kamkwamba Kumwenda Monday stormed some business premises in Blantyre and accused some companies of buying electricity from parallel structures. Kumwenda alleged that one of the companies has been dubiously buying electricity from Escom and Electricity Generation Company (Egenco) employees for a long time, charging that it owes Escom over K60 million. Escom Public Relations Manager Innocent Chitosi confirmed the development, saying they have a long list of companies and individuals who are engaging in the fraud. He said Escom has on its radar respectable companies and individuals including politicians, their own employees and employees of Egenco. “We have huge volumes of data detailing companies and indivi...