King Mohamed VI Launches Thermo-Solar Energy Plant in Morocco

5 April 2008
Content from a Premium Partner
African Development Bank (Abidjan)
press release

King Mohamed VI on Friday, 28 March, laid the foundation stone of the Ain Beni Mathar thermo-solar electricity plant at a ceremony attended by many people, including the AfDB's Resident Representative in Morocco, Nono Matondo-Fundani.

The ceremony, held at the site of the project, 86 km to the south of Oujda in eastern Morocco, signified the official commencement of works on the two-phased combined and integrated power station with an installed capacity to generate 472 MW of electricity, including 20 MW from the solar component.

The cost of the project is estimated at € 400 million. The Bank will partially finance the project with two loans amounting to € 287.85 million, of which € 36.45 million was approved in March 2005 and € 151.40 million in December 2007.

Other sources of funding include $ 43.20 million from the Global Environment Fund (GEF), a loan of € 43 million from the Spanish Development Agency (ICO) and the National Electricity Corporation (ONE) of Morocco.

© 2008 The African Development Bank Group, All Rights Reserved. Legal.

AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.