European bank funds expanding Madagascar’s 58-MW Andekaleka

The European Investment Bank signed a 24.5 million euro (US$38.2 million) loan agreement June 6 to finance installation of two additional turbine-generators at Madagascar’s 58-MW Andekaleka hydroelectric project.

Energy and Mines Minister Elise Razaka, who participated in the signing, said the units would increase Andekaleka to 126 MW.

The Organization of Petroleum Exporting Countries, Kuwait, and the Arab Bank for Economic Development in Africa also are to contribute to doubling capacity of the hydro project 125 kilometers east of Antananarivo, the European Union said. It said the entire project is worth 49.1 million euros (US$76.5 million).

In anticipation of EIB funding, Madagascar’s national utility, Jiro Sy Rano Malagasy (Jirama) took applications last November for pre-qualification to supply a new fourth turbine-generator for Andekaleka. (HNN 4/8/08) It also has solicited rehabilitation work at the existing project under a US$10 million credit from the World Bank’s International Development Association.

The expansion program is intended to permit decommissioning of a number of small, inefficient thermal generators, reducing both generating costs and carbon dioxide emissions.

Rakaza said 180-MW Antetezambato project also is on the list of hydro plants to be developed to reduce thermal power production costs. (HNN 8/2/07) Madagascar, the world’s fourth-largest island, aims to produce 76 percent of its electricity from hydropower sources by 2012, President Marc Ravalomanana said in February.

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