JCM has been developing a 20-40 MWac solar photovoltaic project in the Salima district of the Republic of Malawi since mid-2013. JCM has negotiated a power purchase agreement (PPA) with the Electricity Supply Corporation of Malawi Limited (ESCOM) and has completed all the required steps to acquire land. The project is in mid-stage development, having concluded pre-feasibility studies, land acquisition, initial permitting and recently being awarded preferred bidder status as a result of ESCOM's competitive tender for the supply of solar PV power in Malawi. ESCOM will purchase the power generated from each system via 20-year power purchase agreements (PPA). JCM Power will be the long-term owner of the project upon reaching commercial operation in early 2019.
This is the first energy project to be developed by an independent power producer (IPP) in Malawi. We are proud to work with the Government of Malawi in fast-tracking the IPP process.
Chief Development Officer, JCM Capital