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Madagascar gets 4 million euros for Sahofika hydropower project

Christian Fernsby ▼ | May 25, 2020
The African Development Fund has approved a 4.02 million euro loan with a grant component to finance the Government of Madagascar’s 30 million euro equity investment in the Sahofika hydropower project, which will generate affordable, clean energy benefitting some 8 million people.
Madagascar street
Project   Madagascar street
The Sahofika project is located on the Onive River, 100 km southeast of the capital Antananarivo. It entails the construction of a 205 MW hydroelectric power plant on a Build-Own-Operate-Transfer basis and includes the construction and rehabilitation of 110 km of access roads and construction of a 75 km, 220 kV transmission line. Once commissioned, the Sahofika project is expected to contribute to the avoidance of 900,000 tons of CO2 equivalent annually.

Topics: Madagascar

The government has committed to plough back the returns from the project to reduce electricity tariffs for the people of Madagascar.

Additional funding for the project is expected to come from the European Union and the Arab Bank for Economic Development in Africa.


 

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