Release date: 25 January 2023
Promoter – Financial IntermediaryWE LIGHT MADAGASCAR SA
The project will finance minigrids in Madagascar to households, business and other infrastructure facilities without access to reliable electricity supply
The electrification programme will generate a significant social, development and environmental impact, while providing a sustainable and reliable supply to un-served or under-served local communities that are currently relying on polluting and expensive fossil fuels.
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 10 million
Total cost (Approximate amount)
EUR 24 million
Although the mini off-grids to be financed are likely to be small, the promoter is required to implement them ensuring that the Environmental and Social Impact Assessment is carried out, in conformity with national law and the EIB environmental and social standards. To that end, the EIB has also assessed the promoter's capacity, approach and procedures to implement the project in line with the EIB's environmental and social standards.
The promoter has to ensure that implementation of the project is done in accordance with the EIB's Guide to Procurement.
Signed - 22/12/2022
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).