Following an open competitive tender process conducted by the Republic of Malawi and IFC, the consortium of EDF and Scatec was officially appointed in September 2022 as the Strategic Sponsors to lead the development and implementation of the project under a Public-Private Partnership, alongside the Government of Malawi and IFC.
In July 2022, Mpatamanga Hydro Power Limited was incorporated by SN Malawi BV (owned by Scatec ASA and its partners British International Investment (BII) and Norfund), and EDF International (owned by EDF SA) each owning 50%. MHPL is a Special Purpose Vehicle (SPV) for the project and is a private limited company registered under the laws of Malawi.
The consortium of SN Malawi BV (owned by Scatec ASA and its partners British International Investment (BII) and Norfund), and EDF International (owned by EDF SA) currently holds 100% of the shares in Mpatamanga Hydro Power Limited however the project development plan includes the following shareholding structure:
27.5% EDF: As a major player in energy transition, the EDF Group is an integrated energy company active in all businesses generation, transmission, distribution, energy trading, energy sales and energy services. EDF group, headquartered in Paris, France, is a world leader in low carbon energy, having developed a diverse production mix based of 120GW of mainly nuclear and renewable energy including hydropower.
14% Scatec: Scatec is a leading renewable energy solutions provider, developing, building, owning and operating renewable energy plants, with 4.6 GW in operation and under construction across four continents. Scatec is headquartered in Oslo, Norway. Norfund and BII now together hold a 49% stake in Scatec’s African hydropower portfolio.
6.75% British international investment https://www.bii.co.uk/en/ British International Investment is the UK’s development finance institution
6.75% Norfund https://www.norfund.no/ Norfund is the Norwegian Investment Fund for developing countries.