JCM Matswani Solar Corporation Ltd signed a 20-year power purchase agreement (PPA) with Electricity Supply Corporation of Malawi Ltd (Escom) on 13 September for the 60MW Salima solar photovoltaic project. The project is being developed by InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), and a fund managed by JCM Power and Matswani Capital. InfraCo has committed $2.6m to development and the project received a $320,000 grant from the Technical Assistance Facility, also part of the PIDG.
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