- Volobe seeks to provide reliable and affordable electricity access to over two million Malagasy, thereby contributing to the country’s transition towards renewable energy.
- When operational, the project is expected to increase the country’s electricity generation capacity by approximately 20%.
- The plant will displace expensive and polluting diesel generation, resulting in cost savings of more than 50% for the utility. Potential cost savings for Jirama (Malagasy state-owned utility company) to be derived through the substitution of the energy source is expected to be around 100 million Euros per year (the size of Jirama’s current deficit).
- The plant will help satisfy base loads, facilitating the integration of intermittent renewable power into the country’s network.
- The environmental and social impacts of the project are limited for a project of this nature.
- The project is expected to create up to 1,000 direct jobs during construction.