Development Mahavola seeks to provide reliable and affordable electricity access to over 15 million Malagasy, thereby contributing to the country’s transition towards renewable energy.
When operational, the project is expected to increase the country’s electricity generation capacity by approximately 50%.
The plant will displace expensive and polluting diesel generation, resulting in cost savings of more than 60% for the utility. Potential cost savings for Jirama (Malagasy state-owned utility company) to be derived through the substitution of the energy source is expected to be around 300 million USD per year.
Environment
The plant will help satisfy base loads, facilitating the integration of intermittent renewable power into the country’s network.
The environmental and social impacts of the project are limited for a project of this nature.
Employment
The project is expected to create up to 10,000 direct jobs during construction.