China Gezhouba Group Corp plans to build a $500m, 1,000 MW coal fired power plant in Malawi, Africa which suffers from frequent power shortages.
The plant is scheduled to start in 2013 and be completed by 2015, reports Reuters.
Malawi’s hydro power plants produce a total of about 280 MW per day, compared with rising demand of around 300 MW, w hich has resulted in daily power cuts costing the country an estimated $215m per year in lost output.
In 2010, Malawi had 63 days of power outages, the worst out of 24 sub-Saharan countries.
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