The Government of Madagascar and Global South Utilities (GSU), a resource investment company based in the United Arab Emirates, have signed two historic agreements with the goal of enhancing the nation’s clean energy transition and increasing its capacity for renewable energy.
In Moramanga, GSU will construct a 50 megawatt solar photovoltaic power plant with a 25 megawatt battery energy storage system as part of the initial deal with the Ministry of Energy and Hydrocarbons.
This contract lays the groundwork for a subsequent Power Purchase Agreement with Madagascar’s state utility, JIRAMA. The project will reduce the nation’s dependency on fossil fuels and significantly enhance the Antananarivo Interconnected Network upon completion. The project’s implementation is expected to be finished in a year.
The second agreement states that both parties wish to collaborate on creating additional projects with a maximum installed capacity of 250 MW. A comprehensive feasibility study to evaluate the technical, environmental, and economic viability has been agreed upon by GSU and the Malagasy authorities as part of this agreement.
Olivier Jean-Baptiste, Madagascar’s Minister of Energy and Hydrocarbons, and Ali Alshimmari, Managing Director and CEO of Global South Utilities, signed the agreements at the Iavoloha State Palace in front of Andry Rajoelina, President of the Republic of Madagascar.
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