MADAGASCAR ELECTRIFICATION PROGRAMME

Promoteur – Intermédiaire Financier

WE LIGHT MADAGASCAR SA

Lieu

• Madagascar

Description

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

Objectifs

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.

Secteur(s)

• Énergie - Production et distribution d'électricité, de gaz, de vapeur et d'air conditionné

Montant BEI envisagé (montant approximatif)

EUR 10 million

Coût total (montant approximatif)

EUR 24 million

Aspects environnementaux

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.

Passation des marchés

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

Statut

Signé - 22/12/2022