Morocco's ONEE, China Exim Bank sign USD 299.88 million loan agreement to finance new coal power plant
Casablanca - The National Office of Electricity and Drinking Water (ONEE) and China Exim Bank signed a loan agreement of 299.88 million USD (2.5 billion dirhams) to finance the construction of a new coal-fired power plant in Jerada (est).
Source : https://www.emouaten.com/english/Morocco-s-ONEE-Ch...
This loan is intended to finance 85 % of the overall construction cost (3 billion dirhams) of the new 318-megawatt power plant, ONEE said in a statement.
The plant, which is expected to start operating in the 4th quarter of 2017, will be built using technologies enabling it to meet international environmental standards, the office added.
This project is part of ONEE's equipment plan meant to meet domestic power consumption and rapid growth in electricity demand, according to the same source.
It will also have strong positive impacts on economic and social development in the region namely through the creation of new jobs and subcontracting opportunities for local businesses, ONEE indicated.
The plant, which is expected to start operating in the 4th quarter of 2017, will be built using technologies enabling it to meet international environmental standards, the office added.
This project is part of ONEE's equipment plan meant to meet domestic power consumption and rapid growth in electricity demand, according to the same source.
It will also have strong positive impacts on economic and social development in the region namely through the creation of new jobs and subcontracting opportunities for local businesses, ONEE indicated.
Source : https://www.emouaten.com/english/Morocco-s-ONEE-Ch...