Good progress is being made on the 200MW Sahofika hydropower project with the initialling of a concession agreement on 12 September. A framework agreement was signed in May during a visit to France by Madagascar’s President Andry Rajoelina which set out a timetable for the development of the project. The initialling of the 35-year concession agreement took place on schedule and a power purchase agreement is expected to be initialled by mid-October.