Standard Bank in power sector development drive
Standard Bank Malawi on Friday hosted the 2016 Power Symposium in Lilongwe to outline its financial capabilities in support of the country’s power and its role to help unleash economic potential.
Held under the theme Accelerating Growth in Energy to Power a Sustainable Future, the symposium brought together a cross-section of players in the power sector.
The Malawi Stock Exchange (MSE)-listed bank also discussed its experience in project financing and deal structuring of the continent’s power sector.
Speaking to the press at the end of the symposium, Standard Bank Malawi head of investment banking Shakil Satar said hosting the symposium is in line with their agenda to contribute to the country’s power sector growth.
“At Standard Bank, we have been financially backing Africa’s power sector through arranging and backing deals that are transforming the sector and moving economies forward,” he said.
Key power players that attended the symposium included officials from Ministry of Natural Resources, Energy and Mining, Millennium Challenge Account-Malawi (MCA-M) and Electricity Supply Corporation of Malawi (Escom).
Some of the key issues discussed included the draft National Energy Policy (2016), Escom’s long-term strategy and unbundling.
