Malagasy State wants to increase stake in Volobe dam to 20%
The IPP hydroelectric project carried by Axian, Africa50 and SN Power is still waiting for the green light from President Rajoelina. Madagascar wants to increase its capital and to review the resale rate of electricity to the public company Jirama. The commissioning of the project has been postponed by two years to 2025.
25/08/2021 at 16h44, by Africa Business+
The future hydroelectric dam of Volobe, located near the coastal city of Toamasina, is in turmoil. Despite promises of sufficient funding and completed technical studies, the project has been delayed again.
Recommended articles
Electricity
14/06/2023 at 14h24, by Gaëlle Arenson
Axian CEO Hassanein Hiridjee: “We’re going to launch the roadshow to raise debt for the Volobe dam”
Africa Business+ spoke to Axian Group CEO Hassanein Hiridjee last week in Abidjan on the sidelines of...
Electricity
06/06/2023 at 16h44, by Africa Business+
Africa50 signs MoU with Libreville to bridge electricity transmission infrastructure gap
According to Africa Business+ sources, the financial institution aims to help the country develop its...
Construction & Infrastructure
24/03/2023 at 19h26, by Africa Business+
Timing tightens for Madagascar’s unsigned Volobe dam project involving Axian, Africa 50, Scatec, and Colas
The concession contract for the €500 million project has yet to be finalised as the presidential election...
Construction & Infrastructure
20/02/2023 at 18h18, by Africa Business+
Abdelmonem Belati awards SSET €45m contract for Khalled dam in Tunisia
The Société de Service Entreprise de Transport (SSET), already at work in Tunisia on three dams and...
Construction & Infrastructure
22/07/2022 at 17h00, by Africa Business+
ALSF approaches Africa50 on the road-rail bridge project between the two Congos
The legal organisation will support the construction of this infrastructure linking the Republic of...
Capital Market & Private Equity
19/07/2022 at 17h21, by Africa Business+
Africa50 welcomes Cape Verde as new shareholder
The investment platform now has 32 shareholders. Tanzania should be next.