Madagascar has abundant water resources, of which only a very small part is commercially exploited. Most electricity is produced by thermal power plants (65%). Hydroelectric power plants account for 35% of production. A major new hydroelectric development is expected to reduce the country's energy deficit in affordable fashion. 
The purpose of the Volobe hydroelectric project on the Ivondro River in Atsinanana region, 30km close the port  of Tamatave is to generate electricity for the country of Madagascar. 

The Volobe project, considered one of the priority sites offered by Madagascar’s immense potential, meets the immediate needs established by the Ministry of Energy and Hydrocarbons of Madagascar, namely: access to and a guarantee of energy availability for the population and stakeholders in Madagascar’s economic activity.  Installed capacity of the Volobe Project will be 121 MW, producing an average of 745 GwH/year under a head of approximately 130m and a live storage of 3Mm3.

The Project is being developed by Compagnie Générale d’Hydroélectricité de Volobe (CGHV), comprised of Jovena, Africa 50, and SN Power.  The Project will have a 35 year concession and PPA period.