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Axian Group subsidiary Jovena is planning its second major investment in the island state’s power generation in support of the government’s energy transition programme. Following the commissioning last October of the Noor 1 and 2 heavy fuel oil (HFO)-fired thermal power plants, which were inaugurated in January this year, Jovena, one of Madagascar’s leading petroleum products distributors, is in discussions with the government over the terms of a build, own, operate and transfer concession for a 120MW hydropower plant in Toamasina in the Tamatave region.