MADAGASCAR - The African Development Bank (AfDB) has approved a loan of $42.9 million to finance the second phase of a major power transmission and interconnection project in Madagascar.
The Power Transmission Network Reinforcement and Interconnection Project in Madagascar (PRIRTEM-II) includes the construction of a 83 mile, 220 kV interconnection line between the capital Antananarivo and the central industrial city of Antsirabé.
The financing comprises a loan of $28.6 million from the African Development Fund (ADF), the concessional lending window of the Bank, and a loan of $14.3 million from Pillar 1 of the Transition Support Facility (TSF), the Bank's financing mechanism for fragile and transition countries.
The project will help feed the power generated by the Sahofika Hydropower Plant into the national grid, supplying around 8 million people with clean energy.
