This article was automatically translated from HIBAPRESS, the Arabic version:
This article was automatically translated from HIBAPRESS, the Arabic version:
Heba Press
The National Office of Electricity and Drinking Water announced its project to create a gas-fired power plant, with a production capacity of 990 megawatts, for a total cost estimated at 4.15 billion dirhams .
This project is part of Morocco’s efforts to diversify its energy sources and reduce its dependence on coal, as part of its sustainable energy strategy.
The National Office will finance 20% of the project cost, while the remaining 80% will be guaranteed by loans from prestigious financial institutions such as Attijariwafa bank, Bank of Africa and the “FT Nord Energy” and “FT Flex Energy” funds.
The new plant will also rely on diesel fuel as an emergency reserve to ensure continuity of power supply should the need arise.
The station will be built in the Al-Wahda region of northern Morocco, close to the gas pipeline that the Kingdom uses to import natural gas from Spain, helping to reduce transport costs and exploit available infrastructure .
This project is part of Morocco’s vision to improve the Kingdom’s energy mix, with a goal of reaching 52% of installed renewable energy capacity by 2030, compared to 45% currently.
