EU to fund Eastern Backbone Transmission Line project
The Electricity Supply Corporation of Malawi (ESCOM) Limited’s efforts to ensure reliable power supply to the Central and Northern regions have been boosted after the European Union (EU) committed to fund the Eastern Backbone Transmission Line project. EU Ambassador to Malawi, Rune Skinnebach, committed to fund the project after signing a K174 billion (€85 million) agreement with the Minister of Finance, Simplex Chithyola Banda, in Lilongwe on Monday, 29th July 2024. A statement from the EU Malawi website says they will fund the project because it responds