PTW Investments Limited, in which Ritz Holdings holds a significant 51% stake, represents a crucial strategic investment within the rapidly expanding renewable energy sector. Located in Chintheche, Malawi, the company's flagship initiative is the Chintheche Solar Park, a substantial solar power facility designed to inject significant clean energy into the national grid. The initial phase of this ambitious project is well underway, with completion projected for the third quarter of 2024. A foundational element ensuring the project's viability and impact is a crucial Power Purchase Agreement (PPA) signed with ESCOM, Malawi's national electricity utility. This agreement is vital for stabilizing the national grid by providing a consistent and reliable source of renewable energy. The broader impact of PTW Investments extends beyond mere power generation; it plays a direct and substantial role in supporting Malawi’s ambitious national target of achieving 30% renewable energy by 2027. This commitment not only highlights Ritz Holdings' dedication to sustainable development but also positions the Group as a key contributor to Malawi's energy independence and environmental goals.