Sahofika Dam: Neho brings in donors and lowers the price of kWh
Thirteen banks and institutions agreed to participate in the round table, covering the financing needs and substantially reducing costs to about €750 million. In addition, the State will take 20% of the project company thanks to various loans and multilateral donations.
19/11/2021 at 09h27, by Africa Business+
At the end of a long process started in 2016, the Neho consortium (Neo Themis, Eiffage, Eranove), promoter of the Sahofika Hydro Power Plant project, can go ahead after the Malagasy State agrees on the concession was made official on 15 November in the presence of President Andry Rajoelina. This follows a compromise on reducing the duration of the concession and the price of electricity sold to the public company Jirama.
Recommended articles
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
05/04/2022 at 16h50, by Africa Business+
Fahim family’s AIC Métallurgie joins SGTM on €29 million Moroccan Kodiat Borna dam project
The Moroccan industrialist won the contract to build the hydromechanical and electromechanical equipment...
Renewable energies
27/05/2020 at 16h49, by Aurelie Benoit
Sahofika dam: Madagascar plans to take a stake in NEHO (Eranove, Themis, Eiffage, HIER)
The government is looking to acquire a 10% to 15% stake in the company charged with developing the dam...