• Cameroon
Where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 14, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
The holder of the loan, grant, or other investment.
  • Hydropower
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 73.78 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 567.58 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ AFDB website

Updated in EWS Apr 3, 2020

Disclosed by Bank Jun 1, 2019

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Project Description

Madagascar has one of the lowest electricity service ratios in the world, with most of the island’s population using wood as a source of energy. Electricity generation is largely dependent upon fossil fuels, and the Government has therefore identified increasing hydro-electric generation as one of the country’s priorities and private sector involvement as an avenue to do so without increasing the country already overwhelming debt.

The Project comprises a principal dam on the Onive, a reservoir, an underground gallery followed by a penstock down to the hydropower plant located downstream.

Objective: To provide energy from an inexpensive and renewable source for the Antsirabé - Antananarivo grid. The annual average production will be 1570 GWh.
Location of Project: Will be located on the Onive River and will have an installed capacity of 192 MW, of which 130 MW will be 99% guaranteed.
Project footprint: The Project is located at a distance of about 100 km from Antananarivo, Madagascar capital city, and 40 km from Antsirabe. Two administrative districts (Antanifotsy and Ambatolampy districts, both in Vakinankaratra region) are affected by the dam and reservoir. The Fokontany (communities) of Antenina and Befortaka are most affected while the Commune of Tsinjoarivo contains Ankazomena and Antandrokomby Fokontany, which are marginally affected by the reservoir.
The total population of the four fokontany that are affected by the dam and reservoir is estimated around 5 760 people, 2 062 of whom will be affected by the Project.

(Source: Taken from disclosure of attached documents - RAP and ESIA).

Investment Description
  • African Development Bank (AFDB)

Total cost: 786500000
Currency: UAC

Source(s) of financing
AfDB: 102245467.8
Cofinanced: 29493884.93

Contact Information

Task Manager: JALARD Matthieu Benoit, PESR2 / no contact details provided at the time of disclosure


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