Home Madagascar AfDB invests 36.5 million euros in Madagascar power project

AfDB invests 36.5 million euros in Madagascar power project

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The African Development Bank (AfDB) is supporting Madagascar in its efforts to improve its electricity network through the construction of the Sahofika hydroelectric power station. On November 15, loan agreements for this purpose were signed. They are part of the second phase of a project in the Indian Ocean island country to improve and integrate electricity transmission networks.

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Details of Sahofika hydroelectric power station

Madagascar will be able to complete the design, construction, operation and transfer of the 205 megawatt Sahofika hydroelectric plant on the Onive River, 100 kilometers southeast of the capital Antananarivo, with the help of the African Bank of development.

In addition, a 220 kV power line with a capacity of 300 megawatts is under construction between Antananarivo and Antsirabe over a distance of 135 kilometers.

According to Kevin Kariuki, AfDB vice-president in charge of electricity, energy, climate and green growth, the multiple agreements reached have reinforced the optimism of Madagascar’s energy sector. They ensure the rapid supply of energy produced at Sahofika, thus eliminating the risk of energy payment, which could arise in the case of independent companies frequently subject to litigation.

The African Development Bank (AfDB) Country Director in Madagascar, Adam Amoumoun, said the finance organization will continue to support (the island’s) efforts to strengthen the energy sector.

With around 42,000 additional beneficiaries, the second phase of the Electricity Transmission Network Reinforcement and Interconnection Project is planned to bring the national rate of access to electricity to 30%.

Finally, the execution of the program should result in the creation of around 300 direct jobs, 30% of which will be reserved for women, at a cost of more than 101 million euros.

According to the statement, the African Development Bank served as the lead agency for the project by funding feasibility studies and organizing co-financing partners, including the European Investment Bank (EIB) and the OPEC Fund. for international development (OFID).


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