A new joint venture company has been launched by Hyvity and the Filatex Group with the aim of developing, building and operating hydroelectric plants in Madagascar.
ENHY was created on 9 January from a partnership initiated a few months ago between the two firms. The company will now work hand in hand with the Malagasy State, MEH and Jirama (national electricity distributor) with the objective of developing two hydroelectric facilities per year.
The ENHY team will accompany these projects throughout their life cycle, from construction to repowering of existing sites, to commissioning and operation. Two projects are already under study in the Antsirabe region, for a total of 20MW in production by 2026.
The President of the Malagasy State, through the Plan for the Emergence of Madagascar (PEM), has given the Ministry of Energy and Hydrocarbons (MEH) the ambitious objective of developing the hydroelectric sector so that by 2030 it will represent 75% of an energy mix essentially composed of renewable energy.
