During the inauguration of a three-day Taiyuan Energy Low-Carbon Development in north China’s Shanxi Province, Minister of Natural Resources, Energy, and Mining Bintony Kutsaira appealed for a $2.5 billion (about K2 trillion) rescue package in form of foreign investment to boost the country’s power generation and supply capacity.

The development happens after it was revealed in July this year, when the Electricity Generation Company (Malawi) Limited (Egenco) set a targets in its 15-year strategic plan, which will require $4.3 billion (about K3.2 trillion) to implement outlined projects. The mentioned is close to 68% of the country’s nominal gross domestic product (GDP) at $6.3 billion. (about K4.7 trilion).

Kutsaira outlined that the investment would triple generation capacity to 1200 megawatts [MW] from the current 361MW while adding 1.2 million new grid connections. Meanwhile, Egenco is set to increase to 369 from 351 megawatts 2020, when Tedzani IV Hydroelectric Power Station, is expected online.