The Volobe Amont project is in a pre-construction phase. After the signing of the concession and purchase contracts in 2023, investors are showing increasing interest during the discussions currently underway, according to our source at CGHV.
The Volobe upstream hydroelectric development project, initiated by the Malagasy State, is progressing confidently towards its next construction phase. This initiative aims to strengthen access to reliable and environmentally friendly electricity for the population of Madagascar. After years of preparation and negotiations, the project is now preparing to take a crucial step in its development. Initially launched to meet the growing electrical energy needs in Madagascar, the Volobe upstream project has succeeded in attracting the attention of renowned local and pan-African investors. The concession and purchase contracts, signed in May 2023 in the presence of the Presidency of the Malagasy Republic and government authorities, marked the start of a promising collaboration.
New phase. After seven years dedicated to development, including in-depth technical studies and rigorous socio-environmental assessments, the project is now entering a pre-construction phase lasting approximately two years. This stage requires careful coordination, involving the strengthening of the team on the ground, the land security process, the finalization of work contracts, and financial closing. This pre-construction phase is of capital importance, focusing the attention of the Malagasy State and its financial partners on the need to successfully complete this major undertaking. This is a crucial time when every detail counts, where every aspect of the project must be carefully planned and executed to ensure its long-term success.
Discussions in progress. As part of this development, it is natural to see growing interest from investors in the project. Discussions are currently underway with potential investors, a tangible sign of the confidence and attraction aroused by the Volobe upstream hydroelectric project. This dynamic also testifies to the determination of financial partners to fully support the development of Madagascar. Since the signing of the contracts, the Compagnie Générale d’Hydroelectricity de Volobe (CGHV) has actively continued the implementation of its infrastructure construction preparation plan, benefiting from the continued support of the Malagasy State. This close collaboration between the public and private sectors illustrates the collective commitment to advancing this strategic project for the energy development of Madagascar. In short, the Volobe upstream hydroelectric project is at a turning point in its journey. With meticulous planning, resolute commitment and a shared vision, it positions itself as a major catalyst for Madagascar’s economic and social progress, offering a brighter and sustainable future for its inhabitants.
Ansa R.
The article Volobe upstream: Preparation of the hydroelectric project on the right track appeared first on Midi Madagasikara.
