Creation of ENHY for the development of hydroelectricity in Madagascar
We are proud to announce the launch of ENHY, a company born on January 9th from the partnership initiated a few months ago between Hyvity and the Filatex Group with the aim of developing, building and operating hydroelectric plants in Madagascar.
At the heart of the unavoidable challenges that the country must meet, is the production of local, renewable electricity capable of ensuring flexibility on its network. This is why 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.
To meet these challenges, Hyvity and the Filatex Group (a pioneer in the renewable energy sector in Madagascar) have joined forces around a common vision, that of building a sustainable future and promoting the island’s energy independence. Together, we 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. Our teams 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, in the center of the country, for a total of 20 MW in production by 2026.
Filatex, a player committed to the Malagasy people
With an approach that promotes Madagascar’s natural resources and talents to support sustainable development, the Filatex Group has been deploying projects throughout the country since 1971. A leader in the renewable energy market in Madagascar and one of the country’s main private energy producers, this committed company is also very active in the real estate and industrial free zone sectors.