Trinity International has advised the Republic of Madagascar and its state-owned electricity and water utility company, JIRAMA, with the negotiation and signing of the Concession Agreement and Power Purchase Agreement for the 120MW Volobe run-of-the-river hydroelectric independent power project (IPP) to be located on the Ivondro river, 40 kilometres west of the city of Toamasina. The agreements were signed on 26 May 2023 at a ceremony held at the Madagascan State Palace of Iavoloha.
The Volobe IPP, which is being developed by the consortium Compagnie Générale d’Hydroélectricité de Volobe (CGHV), will provide reliable and affordable access to electricity to more than two million people, and will greatly contribute to Madagascar’s transition towards renewable energy. It will also help JIRAMA reduce its average annual spending on fuel for electricity generation.
Trinity International’s team was led by Senior Consultant Maxime Damphousse with the support of Partner Pierre Bernheim and Associate Alexis Giroulet. The Trinity International team would like to thank the African Legal Support Facility for its continued support in representing the Republic of Madagascar and JIRAMA on Madagascar’s priority hydropower projects, as well as partner advisors Finergreen (financial advisor) and CPCS – Solutions for Growing Economies (technical advisor). Congratulations to the Government of Madagascar, JIRAMA, CGHV and all parties involved.