(4minutes read)
- Madagascar will get a loan of US$ 42.9 million to finance its second
phase of a major power transmission and interconnection project from
African Development Bank (AfDB) - The interconnection project in Madagascar (PRIRTEM-II) includes the
construction of a 135-km, 220 kV interconnection line between the
capital Antananarivo and the central industrial city of Antsirabé - The AfDB financing will include a loan of US$28.6 million from the
African Development Fund (ADF)
Madagascar will get a loan of US$ 42.9 million to finance its second
phase of a major power transmission and interconnection project from
African Development Bank (AfDB). A decision on that was taken by the
Board of AfDB recently.
The interconnection project in Madagascar (PRIRTEM-II) includes the
construction of a 135-km, 220 kV interconnection line between the
capital Antananarivo and the central industrial city of Antsirabé.
This will help to feed the power generated by the Sahofika Hydropower
Plant into the national grid and supplying 8 million people with
affordable, clean energy.
The AfDB financing will include a loan of US$28.6 million from the
African Development Fund (ADF), the concessional lending window of the
Bank, and a loan of US$ 14.3 million from Pillar 1 of the Transition
Support Facility (TSF), the Bank’s financing mechanism for fragile and
transition countries.
The second phase of the project includes the electrification of 19
villages in the Soanindrariny, Ambohidranandriana, Ambatomena and
Ambohimiarivo municipal councils of central Madagascar. despite
having huge renewable energy potential, has an electricity access rate
of only 15% nationally and 6% in rural areas..
As the sector’s lead donor, the Bank is already actively engaged in
several transformative energy projects in Madagascar, including
PRIRTEM-I and the Sahofika plant, both intricately linked to
PRIRTEM-II. The project is aligned with the Bank’s Country Strategy
Paper (CSP) 2017-2021 for Madagascar, which focuses on the development
of energy and transport infrastructure to support the country’s
inclusive growth, as well as with the National Energy Policy (NPE).
The project is also in line with the Bank’s New Deal on Energy for
Africa 2016-2025, as well as its High-5 priorities “Light up and Power
Africa” and “Improve the quality of life for the people of Africa.”
The financing was approved on 11 December.
