Antananarivo – 13.09.2017
Euroconvention Global is pleased to announce that registrations for the MADAGASCAR RENEWABLE ENERGY, POWER INFRASTRUCTURE & ENERGY EFFICIENCY INVESTOR CONFERENCE 2017 are now open. It will take place in the capital city of Antananarivo on September 13, 2017.
Madagascar has large untapped renewable energy resources of hydro, solar, biomass, wind and other sources. The Government has decided to improve electricity provision and has embarked on an ambitious reform process. In its New Energy Policy (NEP), it aims to produce 85% of the country power from renewable sources by 2030.
The regulatory framework and the new energy policy currently under development indicate an increasing focus on renewable energies and are expected to attract substantial international financial resources, knowhow and technology.
The country presents numerous untapped market opportunities for rural electrification, the hybridization of existing diesel mini-grids with PV, and the provision of green technology for productive use.
A growing number of private operators start to enter the market, leading to increasing competition. The restructuring process of National Water and Electricity Company (JIRAMA), currently undertaken by the World Bank, seeks to increase transparency and financial capacity in order for JIRAMA to become a potent partner in public-private partnerships.
Being one of Africa most promising developing markets, major progress can be expected in Madagascar in the near future.
For more information, please contact:
+32 2 662 16 12