Electricity Supply Corporation of Malawi

Electricity Supply Corporation of Malawi (ESCOM) Ltd is a public utility which was incorporated under the Companies Act of the Repubilc 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 portofolio of electricity and civil works, projects of development and maintenace 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 liberalisation 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.