Symbion will partner with local investor Vision Madagascar (ViMa) to create a company, called Symbion Madagascar for development of these projects.
The power projects will use biomass, solar and heavy fuel oil as feedstock to generate energy. A 10MW solar power plant and a 5MW biomass facility will be built in the city of Mahajanga.
Symbion will build further biomass facilities at strategic sites on the east coast of the country.
Combined capacity of the projects will be 180MW, including a 116MW heavy fuel oil facility in Tsimiroro region.
Madagascar President Hery Rajaonarimampianina said: "I am pleased to see that Symbion, a well known US company has chosen Madagascar as an investment destination.
"The work they will do here will create thousands of jobs and improve the state of our economy because of the huge fuel cost savings we will realize."
US-based Symbion has operations in several African countries including Nigeria, Tanzania, Kenya, Rwanda and Uganda.
The US Government’s Power Africa initiative intends to increase electricity access across sub-Saharan Africa.
Symbion chief executive officer Paul Hinks said: "As far as we are concerned these new investments form a part of our commitment to President Obama and the US government to increase access to energy in Africa."
