World Bank grants Morocco $43.2m for solar power plant
2007-04-23
The World Bank granted Morocco $43.2m late last week to build an Integrated Solar Combined Cycle Power Plant (ISCC), Le Matin daily reported. The plant will have a 472-megawatt (MW) capacity, 20 MW of which will be generated by solar energy. The plant should be completed by 2012 at a total cost of $568m, which will be co-financed by the Moroccan Electricity Office (ONE), the Global Environment Facility and the African Development Bank. This project responds to Morocco's urgent need for new power generating capacity as the government seeks to diversify power generation, in order to reduce the country’s energy dependence. (Le Matin)
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