The Memorandum and Articles
of Association of ESCOM, authorize the company to carry on unrestricted
business. However the utility's principal business is to generate,
transmit, distribute and retail electricity services nationwide
through interconnected and off-grid power supply systems. The utility
handles large portfolio of electricity and civil works, projects
of development and maintenance nature to meet electricity demand.
On 30th November 1998, Parliament passed the Electricity
Supply Commission of Malawi (Repeal) Act, 1998 and was assented
to by the State President on 8th December 1999.
The Act required that any properties, assets funds,
liabilities, obligations and agreements be transferred free of any
fees or duties into the name of the company and that the rights
of employees should be continuous from the date of their initial
employment by the predecessors body. Furthermore, any legal or similar
proceedings would continue in the company's name.
The substance of the Act is therefore that the
former Electricity Supply Commission of Malawi should continue as
the Electricity Supply Corporation of Malawi Limited as though the
change was merely one of name except insofar as the constitution
of the body was necessarily amended to bring it in line with the
requirements of the Companies Act.
The company is undergoing major reforms to align
it with the provisions of the Energy Laws of 2004 which has liberalized
the power supply industry
To improve business efficiency and service delivery,
ESCOM is divided into four distinct Directorates namely: