| Electricity
Supply Corporation of Malawi (ESCOM) Ltd is a public utility
which was incorporated under the Companies Act of the
Republic of Malawi in 1998 as a limited liability Company
with its own articles of Association. It is owned almost
wholly by the Government of Malawi (99%), while the remaining
shares of 1% are held by Malawi Development Corporation
(MDC). The utility has a multiple reporting structure.
It reports through its Board of directors to the Ministry
of Natural Resources and Environmental Affairs (As ministry
responsible for energy affairs) on all technical and related
policy matters to the Department of Statutory Corporation
on administrative and the Ministry of Finance on finance
and budgetary matters.
Its principal business is to generate, transmit, distribute
and retail electricity services nationwide through its
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.
The company is undergoing major reforms to align it
with the provisions of the Energy policy 2003 which
calls for the liberalization of the power supply industry.
One consequence of this reform has been the establishment
of Business Units of Generation, Transmission and distribution
through which commercial transactions of the utility
are now being included. |
