UAE’s Global South Utilities Signs Landmark Renewable Energy Agreements with Madagascar
Global South Utilities (GSU), a UAE-based Resources Investment Company, has signed two landmark agreements with the Government of Madagascar to bolster renewable energy capacity and advance the nation’s clean energy transition.
Under the first agreement with the Ministry of Energy and Hydrocarbons, GSU will develop a 50-megawatt solar photovoltaic power plant, paired with a 25 MWh battery energy storage system, in Moramanga. This sets the stage for a future Power Purchase Agreement with JIRAMA, Madagascar’s national utility. Once operational, the project is expected to enhance the Antananarivo Interconnected Network and significantly reduce Madagascar’s dependence on fossil fuels. The implementation of the project is targeted for completion within 12 months.
The second agreement forms the basis for continued collaboration on additional renewable energy projects totalling up to 250 MW of installed capacity. To establish the feasibility of these projects, GSU and the Malagasy authorities will conduct a comprehensive feasibility study covering technical, environmental, and economic aspects.
Andry Rajoelina, President of the Republic of Madagascar, attended the signing ceremony held at the Iavoloha State Palace. The agreements were signed by Olivier Jean-Baptiste, Minister of Energy and Hydrocarbons of Madagascar, and Ali Alshimmari, Managing Director and CEO of Global South Utilities.
Ali Alshimmari stated, “This agreement marks a significant milestone in our commitment to expanding access to clean, reliable energy across the Global South. We are proud to collaborate with the Government of Madagascar on a project that supports energy security, economic development, and climate resilience.”
These agreements reinforce the mutual ambition of Madagascar and the United Arab Emirates to strengthen ties through the development of large-scale, sustainable infrastructure projects.
Team V.4-EM-UAE
