The Government of Malawi (GoM) has prioritized the development of the energy sector as a catalyst for achieving Malawi Vision 2063. Building on the success of the World Bank-funded Malawi Electricity Access Project (MEAP), the Ministry of Energy & Mining is now implementing World Bank-funded Accelerating Sustainable and Clean Energy Access Transformation (ASCENT) Malawi Project through the Ngwee Ngwee Ngwee Fund (NNNF). The objective of the ASCENT Malawi is to support GoM in achieving its strategic goal of reaching at least 70% electricity access by 2030, as well as providing cleaner cooking solutions to 150,000 households, thereby contributing to the Energy Compact target of reaching 75% of households with access to clean cooking solutions.
Under Component 4 of the Project, NNNF is offering loans to Participating Organizations (POS) to support the distribution and financing of Tier 3 and above Clean Cooking Solutions (Woody Biomass Cookstoves, Charcoal Cookstoves, Pellet/Briquette Stoves, Electric Cookstoves and LPG Cookstoves) to Eligible Households. The component is expected to distribute stoves to 150,000 households benefiting around 645,000 people. The total funding available for this component is $7 million. The NNNF shall retain exclusive authority to register, aggregate, transfer, and monetize carbon credits in accordance with the Malawi Carbon Market Framework. Accordingly, the Ministry of Energy & Mining, through the NNNF, hereby invites Business Plans from interested organizations seeking enlistment as POS under Component 4.
Interested organizations may obtain the complete application package from https://www.energy.gov.mw, https://www.nnnf.energy.gov.mw, https://www.ascent.mw. Completed Business Plans, together with all required attachments, must be submitted no later than April 15, 2026, by 2:00 PM Central Africa Time, both:
Applications will be evaluated based on the eligibility criteria and evaluation parameters outlined in the application package. Only selected companies will be contacted following the evaluation process.
A pre-proposal webinar will be held on March 30, 2026, at 03:00 PM Central Africa Time. Interested organizations may register at https://msteams.link/GR6G
Please contact:
Infrastructure Development Company Limited (IDCOL)
Fund Manager, Ngwee Ngwee Ngwee Fund
Address: Area 47, Sector 5, House no. 66 (https://maps.app.goo.gl/13GeA56qFcCiPZj1A)
Email: ogmdf@idcol.org with a copy to info@ascent.mw
Tel: Fund Manager: +265 98 000 6904, Mr. Austin Theu, Project Manager, ASCENT Malawi Project: +265 99 913 8270