Madagascar: PRG approved for Sahofika
- 19 Dec 2019
The African Development Bank board has approved a Partial Risk Guarantee (PRG) of $100m to support the 205MW Sahofika hydropower project on the Onive River. The bank’s support will include risk mitigation to the project developers and the debt providers by supporting the payment obligations of Jiro sy Rany Malagasy, the state-owned offtaker.As well as the power plant, the project involves the construction of a 110km transmission line to the site, and construction of camp facilities and 112km of access roads.
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