Active Mixed AidData Chinese Aid

China Eximbank provides RMB 1.795 billion government concessional loan for 64MW Ranomafana Hydropower Plant Construction Project

¥1.8M RMB

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Madagascar
Country	Madagascar
Start Date	Aug 01, 2023
End Date	Jun 29, 2029
Duration	2,159 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`57569`

Grant Description

China Eximbank provides RMB 1.795 billion government concessional loan for 64MW Ranomafana Hydropower Plant Construction Project In 2016, China Eximbank agreed in principle to provide Madagascar’s Ministry of Water, Energy, and Hydrocarbons (MEH) a concessional loan for the development of the 64MW Ranomafana Hydropower Plant Construction Project.

However, the project experienced a number of delays, and as of late 2022, it had still not reached the implementation stage.

Then, on April 6, 2023, China Eximbank and the Government of Madagascar signed a preferential loan framework agreement for the 64MW Ranomafana Hydropower Plant Construction Project.

On August 1, 2023, China Eximbank and the Government of Madagascar signed a government concessional loan (GCL) agreement worth RMB 1,795,000,000 ($239,337,340) for the 64MW Ranomafana Hydropower Plant Construction Project.

📋 Loan / Grant Terms

💰 Loan Amountinclude a 31

📅 Maturity31.1 years

⏳ Grace Period4.2 years

💹 Interest Rate1.5%

The borrower is expected to use the loan proceeds to partially finance a $216 million commercial (EPC) contract with Sinohydro Corporation Limited, which was signed in 2018.

The project involves the construction of the 64MW Ranomafana hydroelectric power plant on the Ikopa River in Anamalanga, roughly 115 north-west of Antananarivo. The power plant's exact locational coordinates are 18°36’0.63’’S, 47°01'37.85’’E. The project also involves the construction of a 90 km transmission line HT/MT from the dam to Tanà Nord (Antanandano).

Upon completion, the power plant is expect to to generate an average of 311 million kilowatt hours per year.

The project is expected to affect 3 regions (Analamanga, Bongolava and Itasy) 5 districts (Ambohidratrimo, Ankazobe, Fenoarivobe, Miarinarivo and Arivonimamo) and 15 municipalities (Ambohidratrimo, Anosiala, Mahitsy, Mananjara, Ampanotokana, Fihaonana, Mahavelona, Ambohitromy, Antotohazo, Miantso, Maritampona, Soavimbazaha, Ambatomanga, Talata Tsimadilo, Ambohimasina).

Sinohydro Corporation Limited is the EPC contractor responsible for project implementation.

The project officially commenced on December 19, 2024 and the Ranomafana hydroelectric power plant was originally scheduled to be commissioned in June 2028.

📋 Staff Comments

The French project title is Projet d'aménagement du site hydroélectrique de Ranomafana sur l'Ikopa or la centrale hydroélectrique de Ranomafana or la centrale hydroéléctrique de Ranomafana-Ikopa.
The Chinese project title is 马达加斯加哈努马法纳水电站项目 or 哈努马法纳水电站项目 or 及哈努马法那热水电站 or 哈努马法纳水电项目 or 哈努马法纳水电站项目.
The loan's borrowing terms were identified via http://www.tresorpublic.mg/tresorpublic/download.php?path=wp-content/themes/tresor-public/statik-content/tresor-public/temp/statistique/bsd/&file=031.pdf

📚 Sources & References

Madagascar
Ranomafana hydropower plant
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YEARBOOK 2019 RENEWABLE ENERGY SECTOR AND ELECTRICITY SUB-SECTOR ACTORS
DOCUMENT BUDGETAIRE
En co-diplômation entre L’Université d’Antananarivo et l’Université de Bordeaux
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CADRE A MOYEN TERME
SMALL HYDRO MAPPING REPORT
REPOBLIKAN I MADAGASIKARA Fitiavana - Tanindrazana - Fandrosoana FINANCES PUBLIQUES
公司副总经理颜家勇拜会马达加斯加总统拉乔利那
公司副总经理颜家勇到非洲事业部调研
盘点2016 长江设计院十大亮点新鲜出炉
Donors give Jirama a wake-up call
Finances Publiques
Revue de Milieu d’Année 2021
Chinese Loans to Africa Database
Ranomafana Hydropower Plant Project
Document Budgetaire: ANNEXE AU PROJET DE LOI N°034/2018 DU 24 OCTOBRE 2018 PORTANT LOI DE FINANCES POUR 2019
中国与马达加斯加签署哈努马法纳64MW水电站项目贷款协议
驻马达加斯加大使接受《环球时报》专访：“一带一路”项目助当地告别泥泞
第三届“一带一路”国际合作高峰论坛务实合作项目清单
BRI adds new impetus to friendly exchanges between China
Madagascar
Revue de Mileu D'année 2023
La centrale hydroéléctrique de Ranomafana-Ikopa financée par la Chine
Signature de l'accord-cadre portant sur l’octroi d’un prêt de 240 millions USD entre le Gouvernement chinois et le Gouvernement malagasy
Hydroélectricité : la Chine octroie 240 millions de dollars à Madagascar
AU PROJET DE LOI N°023/2023 PORTANT LOI DE FINANCES POUR 2024
Orange actu Madagascar Post
中国将为马达加斯加提供优惠贷款建设水电站
Construction d’une centrale hydroélectrique : La Chine débloque 240 millions USD
中国与马达加斯加签署哈努马法纳水电站项目优惠贷款框架协议
China agrees loan for Madagascar’s Ranomafana hydroelectric power project
REVUE DE MILIEU D'ANNEE 2023
La centrale hydroéléctrique de Ranomafana-Ikopa financée par la Chine
La Chine va accorder un crédit préférentiel à Madagascar pour la mise en oeuvre d'un projet de centrale hydroélectrique
Décision n°04-HCC/D1 du 07 août 2024 concernant la loi n°2024-007 autorisant la
Ranomafana PROJET D’AMENAGEMENT HYDROÉLECTRIQUE DE RANOMAFANA SUR LA RIVIERE IKOPA
Mars 2024 BULLETIN STATISTIQUE DE LA DETTE
驻马达加斯加大使郭晓梅出席马小鸟窝学校“中国书屋”揭牌仪式
Madagascar's official sector PRC borrowings and borrowing terms DRS December 2024
Lancement officiel du Projet Centrale Hydroélectrique de Ranomafana : Un pas décisif vers la transition énergétique à Madagascar
Chinas Global Energy Finance
Chinese Loans to Africa Database (2022 Update) Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.