The Volobe dam is a key infrastructure initiative prioritized by the Malagasy government. It is projected to generate 750GWh of electricity annually, equivalent to roughly one-third of Madagascar’s current electricity output. This development will enhance the nation’s energy security and support efforts to reduce carbon emissions in its electricity sector. The project adheres to rigorous environmental and social standards and is supported by the Malagasy government, international donors, and a World Bank guarantee.
Under the terms of the agreement, the project company, Compagnie Générale d’Hydroélectricité de Volobe (CGHV), will be co-owned by EDF (37.5%), AXIAN Group (37.5%), and Africa50 (25%). EDF will oversee the technical aspects, drawing on its 70 years of expertise in hydroelectric projects to manage both development and operational phases.
The dam is expected to be operational by the end of 2030. Once completed, it will provide Madagascar’s national water and electricity company, JIRAMA, with cost-effective electricity, meeting the needs of approximately two million people as energy demand increases.
Béatrice Buffon commented: “I am delighted to see EDF’s teams applying their experience in managing complex industrial projects to develop the Volobe hydroelectric project, which will provide decarbonised, reliable and competitive electricity. This project illustrates EDF’s vocation to support the energy transition of its public and private customers, in partnership with leading players and with the support of international donors.”
This initiative marks a significant step toward sustainable energy development in Madagascar, fostering collaboration between local and international partners to meet growing energy needs while prioritizing environmental responsibility.
