Antananarivo: UAE-based Global South Utilities (GSU), a Resources Investment Company, has entered into two significant agreements with the Government of Madagascar to enhance the country’s renewable energy infrastructure and support its shift towards clean energy.
According to Emirates News Agency, the first agreement with Madagascar’s Ministry of Energy and Hydrocarbons involves the development of a 50-megawatt solar photovoltaic power plant in Moramanga, accompanied by a 25 MWh battery energy storage system. This project is expected to forge a future Power Purchase Agreement with JIRAMA, Madagascar’s national utility, and aims to boost the Antananarivo Interconnected Network while reducing reliance on fossil fuels. The project is slated for completion within 12 months.
The second agreement reveals a collaborative intent to develop additional projects with a total capacity of up to 250 MW. GSU and Malagasy authorities will conduct a detailed feasibility study to evaluate the technical, environmental, and economic aspects of the proposed projects.
The agreements were signed at the Iavoloha State Palace in the presence of Andry Rajoelina, President of Madagascar. Olivier Jean-Baptiste, Minister of Energy and Hydrocarbons of Madagascar, and Ali Alshimmari, Managing Director and CEO of GSU, were the signatories.
Ali Alshimmari stated that the agreement is a significant step towards expanding clean, reliable energy access in the Global South. He expressed pride in collaborating with Madagascar’s government on a project that promotes energy security and economic development.
These agreements emphasize the mutual goal of Madagascar and the UAE to enhance cooperation on large-scale sustainable infrastructure initiatives.