MADAGASCAR ELECTRIFICATION PROGRAMME

Promoter – Financial Intermediary

WE LIGHT MADAGASCAR SA

Location

• Madagascar

Description

The project will finance minigrids in Madagascar to households, business and other infrastructure facilities without access to reliable electricity supply

Objectives

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.

Sector(s)

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

Proposed EIB finance (Approximate amount)

EUR 10 million

Total cost (Approximate amount)

EUR 24 million

Environmental aspects

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.

Procurement

The promoter has to ensure that implementation of the project is done in accordance with the EIB's Guide to Procurement.

Status

Signed - 22/12/2022