Energy
Volobe Hydropower Plant
Madagascar, East Africa
Volobe seeks to provide reliable and affordable electricity access to over two million Malagasy, thereby contributing to the country’s transition towards renewable energy.
€100m
estimated savings per year for the national utility
20%
expected increase in country's electricity generation capacity
1000
direct jobs during construction phase
Role of Africa50
Africa50 acquired 25% equity stake in Compagnie Générale d’Hydroélectricité de Volobe (CGHV), the project manager.
Our partners
Africa50 | Nea Volobe (Axian Group)
Project impact
Development
- 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).
Environment
- 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.
Employment
- The project is expected to create up to 1,000 direct jobs during construction.
Project Photos
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