Ministry of Natural Resources, Energy and Mining has said the revised national energy policy, a guiding tool for development activities in the energy sector, will be finalised end-November this year.
Deputy director of energy Joseph Kalowekamo, responding to an e-mailed questionnaire this week, said the new policy has taken into consideration current and emerging issues in all the energy sub-sectors.
“We engaged a consulting firm, PricewaterhouseCoopers, which is leading the review process funded by United Nations Development Programme [UNDP],” he said.
The policy, which formulated in 2003, is supposed to be reviewed every five years.
Kalowekamo said in the electricity industry, the reforms will, among others, result in the unbundling of Electricity Supply Corporation of Malawi (Escom) into two companies; one for generation and the other for transmission and distribution of electricity.
He said under liquid fuels and gas sub-sector, the policy will be reviewed to support bulk fuel procurement by government.
“Currently, Petroleum Importers Limited [PIL] and National Oil Company of Malawi [Nocma] import fuel into the country, but the new policy will empower government to import fuel in bulk on behalf of the two considering the strategic nature of this product,” he said.