Madagascar

Africa50-Project Development

Volobe is a 120 MW hydropower plant under construction on the Ivondro river, 40 kilometres from Toamasina, Madagascar. It will be operated under a 35-year concession. The project includes the construction 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.

Partners


The shareholding of CGHV is comprised of Africa50, Jovena (Axian Group), SN Power and Colas.

Development Impact

  • Should provide reliable and affordable baseload electricity to over two million people.
  • Should increase the country’s electricity generation capacity by approximately 20%.
  • Should reduce the cost of electricity to the utility by 10-30%.
  • Could save the state-owned utility approximately €100 million.
  • The project is expected to create up to 1,000 direct jobs during construction

Environment

  • Should contribute to the country’s transition to renewables.
  • Project is run-of-river and, therefore, has limited negative environmental impact.
  • No species on critical lists on the sites.
  • Few households (275) impacted.
  • 80% acceptance project rate by the local communities

Project Photos

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