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WB mulls funding Morocco's solar energy projectWashington - The World Bank (WB) is studying the terms of a potential funding of Morocco's solar energy project which seeks to achieve a 2,000-megawatt capacity by 2020, for an amount of 9 billion dollars, the financial institution has said.
The financing of this "ambitious" project could be part of the "financial support or technical assistance" offered by the WB to Morocco to develop renewable energy, Senior Energy Specialist for the Middle-East and North Africa (MENA) at the WB, Silvia Pariente-David, told MAP. Some of these investments are already part of the concessional financing of The Clean Technology Fund (CTF), within the framework of the Consolidation Support Program (CSP) in the MENA region, Pariente-David said, adding that the Program will be submitted to the CTF on December 1. The WB official highlighted that the Moroccan solar energy project will contribute not only to reducing energy dependency and curbing greenhouse gas emissions, but also to boosting growth, promoting industrial development and generating jobs. The project's completion is due in late 2019 and the first power station will be operational by 2015. Five sites were identified for this large-scale project, which is in line with Morocco's energy strategy, namely Ouarzazate, Ain Bni Mathar, Foum Al Oued, Boujdour and Sebkhat Tah. The project will ensure an annual production capacity of 4500 GW, that is 18% of the current national production.
Last modification
11/19/2009 09:37 PM.
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