Madagascar Sahofika Hydro initialed

The ALSF supported the Government of Madagascar for the negotiation of a concession agreement for the Sahofika hydroelectric project. The project, whose site is located about 100 kilometres from Antananarivo, Madagascar’s capital, will be equipped with seven turbines capable with an installed capacity of 200 MW. The project’s consortium, composed of the French company Eiffage, the Moroccan company Themis and Eranove, a Franco-African company, has been chosen for the study, financing, construction, operation and maintenance of the future plant. The project will require a 797 million euro investment. The African Development Bank (AfDB) is expected to provide financial support for the project, which is the result of a public-private partnership (PPP) between the Malagasy government and the Neho consortium. The plant will not only increase electricity production in Madagascar to support economic growth and social development, but will also contribute significantly to the economic and financial balance of the electricity sector, with competitive and sustainable energy. With the Sahofika project, the share of green energy in the country’s energy mix will eventually be predominant