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    Reference: 20190162
    Release date: 16 April 2020

    Promoter – Financial Intermediary




    The project concerns the construction of a 220 kV, 270 km-long overhead transmission line and related substations interconnecting the currently isolated power systems of Antananarivo and Toamasina. The interconnexion will support the integration of large hydro power plants being developed in both systems.


    The project will contribute to increase the electricity access rate of the country (currently standing at 24%), as well as the reliability of supply.


    • Energy - Electricity, gas, steam and air conditioning supply

    Under ELM Guarantee

    Cette opération est couverte par la Garantie ELM.

    Under Global Europe NDICI guarantee

    Dans le cadre de la garantie EFSD+

    Proposed EIB finance (Approximate amount)

    EUR 81 million

    Total cost (Approximate amount)

    EUR 193 million

    Environmental aspects

    The project will have adverse environmental and social impacts. The EIB will ensure that appropriate measures are taken to protect the environment and the rights of the project affected people and to avoid, reduce, mitigate, compensate and remedy the impacts. The promoter has identified all relevant environmental and social impacts and risks and has developed and ESMP to manage the impacts, according to EIB Environmental and Social standards and requirements.


    The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.


    Signed - 29/11/2021


    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).

    Related tags

    Madagascar Energy