Sahofika is a crucial EUR1bn 205 MW hydropower project in Madagascar being developed by Nouvelle Energie Hydroélectrique de l’Onive SA (NEHO) on the Onive river. The project will deliver 1,650GWh of clean, affordable, base load power throughout the year, help restore the power sector’s commercial viability in the country, catalyse Madagascar’s energy transition by increasing the share of renewable energy generation from 40% to 90%, and save €240M in annual fuel imports. In addition, Sahofika will provide power for up to three million people, paving the way for the country to double its electricity access rate from 12% to 24%. The three stakeholders for the project are Neo Themis, Effiage and Eranove. The Mandated Lead Arranger is the African Development Bank.
In the short-term, the CEO will manage the ramp up of NEHO operations in country to successfully execute and deliver the project’s final development phase, reach financial close and prepare for start of construction.
In the long-term, the CEO will successfully deliver the Sahofika hydropower project so that it is on time and on budget and fully sustainable over its lifespan.
Since 2007 Millar Cameron has specialised in sourcing leadership and keyperson talent across a number of industries, including agribusiness, international development, industrial, consumer, financial and professional services, private equity, and technology, media and telecommunications. Our mission and purpose is to positively contribute to the development of Africa, and other emerging markets, through the provision of people.