Madagascar: EIB loan for Andekaleka

Issue 141 - 21 Jun 2008 | 1 minute read

The European Investment Bank has agreed a loan of €24.5m to state power utility Jiro Sy Rano Malagasy (Jirama) to finance the doubling of capacity of Madagascar’s largest hydropower plant. Jirama plans to purchase two new turbines to expand generation from the Andekaleka plant, which has two 29MW turbines and is powered by a 50,000m3 capacity dam

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