Release date: 2 April 2008
Promoter – Financial Intermediary
Jiro sy Rany Malagasy (JIRAMA)Location
Description
The project primarily consists of the procurement, installation and commissioning of two additional turbines at the existing Andekaleka power station in Madagascar.
Objectives
To allow the promoter to decommission a number of small, inefficient, thermal generators leading to a material reduction in both generation cost and CO2 emissions. The project also for additional hydropower development in Madagascar.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 18 million
Total cost (Approximate amount)
EUR 40.3 million
Environmental aspects
According to national environmental legislation in Madagascar, the authorities do not require the promoter to prepare a full environmental impact study for the expansion of this existing hydropower plant. Nevertheless, the promoter has submitted a study and an approval application to the authorities.
Procurement
The promoter has agreed to comply with the Bank’s procurement guidelines when tendering the contracts proposed for financing by the Bank.
Status
Signed - 6/06/2008
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).