|King Mohamed VI Launches Thermo-Solar Energy Plant in Morocco|
April 5, 2008
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.