Africa50-Project Development

Volobe is a 120MW hydropower plant under construction on the Ivondro river, 40 kilometers from Toamasina, Madagascar, to be operated under a 35-year concession. The project also includes the development of a transmission line, refurbishment of the access road, and infrastructure for the neighbouring villages.

Africa50's Role

Africa50 acquired 25% equity stake in Compagnie  Générale d’Hydroélectricité de Volobe (CGHV), the project manager.


Africa50, Jovena (Axian Group), SN Power, and Colas

Development Impact

  • 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

Project Photos

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