UN General Assembly
2018

With respect to energy, Madagascar is going through a period of energy transition. We have seen a significant increase in clean and renewable energy, especially in the form of hydroelectric power plants and photovoltaic power plants, to mention only what has just been handed over to the people of Ambatolampy and Ambohipihaonana in June. I am quite proud to say that it is the largest power plant of its kind in the Indian Ocean region and among the largest in sub-Saharan Africa. Madagascar can reasonably expect a reduction in the cost of electricity by 2020 as a result of that type of project, despite the increase in the price of oil on the international market. Exports have also performed well. The foreign exchange market has been under control, and inflation may decrease to 7 per cent by the end of the year.