Public-listed Press Corporation Limited and The meeco Group create joint venture company Press Solar Limited
Zug/Blantyre. On August 7th 2013, the Malawi public-listed company Press Corporation Limited (Press Corp.) and the Swiss company meeco Invest AG have officially created a jointly held company: Press Solar Limited. The joint venture’s strategic objective is to implement solar energy and storage solutions in the region, providing electricity to both SME’s and large businesses. Several hundreds of kilowatts are already planned for 2013 including several energy shave off solutions and also solar water pumping in remote locations. Press Solar expects to install a total of 4 MW until the end of 2014 mainly in shave off projects.