Marrakech — His Majesty King Mohammed VI presided, Monday in Marrakech, over the signing ceremony of documents on the financing, construction and management of the first plant of the solar energy complex of Ouarzazate.
On this occasion, CEO of the Moroccan Agency For Solar Energy (MASEN), Mustapha Bakkoury, gave a presentation before the monarch in which he provided an update of the Moroccan solar plan, the development process of the first plant of the Ouarzazate solar complex, as well as future prospects.
Mr. Bakkoury said the completion of this first plant, built for a sum of 7 billion dirhams (over 800 million dollars), reflects the paramount importance placed by the HM the King on the development of renewable energy as the best way to allow the Kingdom to address the challenges of energy security, environmental protection, and sustainable development.
This is a turning point in the implementation of large-scale renewable energy projects, launched part of Morocco's energy strategy, which makes the development of this type of energy and energy efficiency a national priority, he said.
After that, HM the King presided over the signing of nine agreements relating to the financing, construction and management of the first plant of Ouarzazate solar complex.
On this occasion, MASEN CEO, presented to the Monarch a book entitled "the Solar Atlas of Morocco".
The ceremony took place in the presence of the Head of Government, the Presidents of the Houses of Advisors and Representatives, the advisors of HM the King, members of government, and representatives of states and international institutions which have contributed to the financing of this project.