Release date: 16 April 2020
Promoter – Financial Intermediary
REPUBLIQUE DE MADAGASCARLocation
Description
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.
Objectives
The project will contribute to increase the electricity access rate of the country (currently standing at 24%), as well as the reliability of supply.
Sector(s)
- 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.
Procurement
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.
Status
Signed - 29/11/2021
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).