Morocco Eyes 10 Bln Eur
-
Upload
sandeep-kohli -
Category
Documents
-
view
213 -
download
0
description
Transcript of Morocco Eyes 10 Bln Eur
![Page 1: Morocco Eyes 10 Bln Eur](https://reader035.fdocuments.us/reader035/viewer/2022081702/577cc2e41a28aba71194a77e/html5/thumbnails/1.jpg)
World Home U.N. U.N. Conflicts Conflicts Terrorism Terrorism Disasters Disasters Global Economy Global Economy Environment Environment Religion Religion Scandals Scandals Regions Regions
RABAT (AFP) – Morocco will invest 10 billion euros ($13.5 billion) over
the next four years to boost power generation and meet rising
demand, with renewables providing nearly half of the increase,
newspapers reported Wednesday.
With no significant oil or gas reserves, Morocco is aiming to
become a world-class producer of green energy, notably with vast
solar power projects in its southern desert region.
Under the plan drawn up by the department of water and electricity
(ONE), 112.3 billion dirhams (10 billion euros) will be spent on
raising electricity production by 4,584.5 megawatts, or 67 percent of
currently installed capacity, by 2017.
Some 45 percent, or 2,090 megawatts, of the incremental
production will come from solar and wind power, according to ONE,
cited in Moroccan newspapers.
ONE says it will provide 35.3 billion dirhams (3.15 billion euros) of
the required investment, and it remains unclear how the remaining
costs will be funded.
The oil-rich United Arab Emirates on Wednesday announced 100
million dollars in "financial support" to help with the construction of
Morocco's solar and wind power farms.
The North African kingdom enjoys strong links with Gulf
monarchies, which invited Morocco and Jordan to join the oil-rich
Share
Morocco eyes 10 bln euro investments in power sectorPublished September 25, 2013 / AFP
RECOMMENDED VIDEOS
MORE FROM FOX NEWS
FROM OUR SPONSORS
[What's This?]
Villagers of Dahr Saadane walk in front of the wind farm on June 28, 2010 in Tangiers. (AFP/FILE)
ShareShare
Will Amanda Knox be forced to return to Italy?
Amanda Knox speaks after Italian court convicts her again
Syria talks break up with no result
Security for the Super Bowl vs. Olympics
Ukraine activist says he was kidnapped, crucified in latest attack on protesters
Netanyahu dismisses Kerry warning about boycott threat
Ukraine's president signs bill offering amnesty to protesters
Thousands of anti-Putin protesters march in Moscow to demand release of jailed demonstrators
F-35 Program Compromised By Discovery Of Iranian Spy?Inquisitr
More›
ON AIR NOW › On Air Personalities ›
1aet Stossel 2aet HuckabeeHosted by Mike Huckabee
Listen to Fox News Radio Live ›
HomeHome VideoVideo PoliticsPolitics U.S.U.S. OpinionOpinion EntertainmentEntertainment TechTech ScienceScience HealthHealth TravelTravel LifestyleLifestyle SportsSports On AirOn AirWorld
SearchSearch
Fox Business Fox Business uReport uReport Fox News Radio Fox News Radio Fox News Latino Fox News Latino Fox Nation Fox Nation Fox News Insider Fox News Insider Login Fox News Fox News
Page 1 of 3Morocco eyes 10 bln euro investments in power sector | Fox News
03-02-2014http://www.foxnews.com/world/2013/09/25/morocco-eyes-10-bln-euro-investments-i...
![Page 2: Morocco Eyes 10 Bln Eur](https://reader035.fdocuments.us/reader035/viewer/2022081702/577cc2e41a28aba71194a77e/html5/thumbnails/2.jpg)
Gulf Cooperation Council in 2011 in the midst of Arab Spring
uprisings.
Rabat's new rapprochement with the GCC led to the signing of a
partnership to finance development projects in Morocco worth more
than 5 billion dollars over five years.
In May, the kingdom officially launched the construction of a 160-
megawatt solar power plant near the desert city of Ouarzazate. A
Saudi-led consortium won the contract to build the complex at an
estimated cost of 630 million euros.
A 150-megawatt wind farm at Taza, near the central city of Fez, is
another showcase renewable energy project forming part of
Morocco's green power plans.
0
SHARE THIS ARTICLE
ALSO ON THE WEB
FOX NEWS SALUTES
National cemeteries needed as growing number of vets die
Rare and classic photos from the Korean War
4 Marines killed at Camp Pendleton were doing dangerous job
Reap the Most Rewards Out of Loyalty Programs -- Savings Experiment
Make Free Calls and Reduce Your Cell Phone Plan -- Savings Experiment
Age Just A Number For New Fed Chief Yellen
How to Master Couponing with Minimal Effort
Good News: There's Still Time to Trim Your Tax Bill
Fisher Sees New Housing Bubble Signs, Warns of MBS Buys
IMF: Beware Unwinding of C-Bank Stimulus
Euro Zone Business Activity Higher in September
Venezuela lacked good faith in ConocoPhillips seizure - World Bank
UK consumer price inflation falls as forecast in July
Actor Philip Seymour Hoffman dead of apparent drug overdose
India inaugurates first monorail in Mumbai
Puerto Rican comic Luis Raul Martinez dies at 51
121 Dead in Syrian regime attacks on Aleppo neighborhoods
Honduran Police Chief Suspended Over Alleged Ties To Drug Traffickers
SECTIONSSECTIONS
HomeHomeVideoVideoPoliticsPoliticsU.S.U.S.OpinionOpinionEntertainmentEntertainmentTechTechScienceScience
SHOWSSHOWS
A Healthy You & Carol AltA Healthy You & Carol AltAmerica's News HQAmerica's News HQAmerica's NewsroomAmerica's NewsroomCavutoCavutoFox FilesFox FilesFox News SundayFox News SundayFox & Friends FirstFox & Friends FirstFox & FriendsFox & Friends
Justice with Judge JeanineJustice with Judge JeanineMedia BuzzMedia BuzzRed Eye w/ GutfeldRed Eye w/ GutfeldShepard Smith ReportingShepard Smith ReportingSpecial ReportSpecial ReportSpecialsSpecialsThe Cost of FreedomThe Cost of FreedomThe FiveThe Five
TOOLSTOOLS
Live VideoLive VideoTrendingTrendinguReportuReportNewslettersNewslettersAlertsAlertsBlogsBlogsMobileMobilePodcastsPodcasts
ABOUTABOUT
CareersCareersCollege StudentsCollege StudentsFox Around the WorldFox Around the WorldAdvertise With UsAdvertise With UsTerms of UseTerms of UsePrivacy PolicyPrivacy PolicyAd ChoicesAd ChoicesContact UsContact Us
FacebookFacebookTwitterTwitterGoogle+Google+LinkedInLinkedInRSSRSSNewslettersNewsletters
FOLLOWFOLLOW
Page 2 of 3Morocco eyes 10 bln euro investments in power sector | Fox News
03-02-2014http://www.foxnews.com/world/2013/09/25/morocco-eyes-10-bln-euro-investments-i...
![Page 3: Morocco Eyes 10 Bln Eur](https://reader035.fdocuments.us/reader035/viewer/2022081702/577cc2e41a28aba71194a77e/html5/thumbnails/3.jpg)
HealthHealthTravelTravelLifestyleLifestyleWorldWorldSportsSportsWeatherWeather
Fox & Friends WeekendFox & Friends WeekendGeraldo at LargeGeraldo at LargeGretaGretaHannityHannityHappening NowHappening NowHuckabeeHuckabee
The Journal Editorial ReportThe Journal Editorial ReportThe Kelly FileThe Kelly FileThe O'Reilly FactorThe O'Reilly FactorThe Real StoryThe Real StoryWar StoriesWar Stories
RadioRadioFox News StoreFox News StoreApps & DownloadsApps & Downloads
Email NewsroomEmail NewsroomFAQFAQMedia RelationsMedia Relations
This material may not be published, broadcast, rewritten, or redistributed. ©2014 FOX News Network, LLC. All rights reserved. All market data delayed 20 minutes.
Page 3 of 3Morocco eyes 10 bln euro investments in power sector | Fox News
03-02-2014http://www.foxnews.com/world/2013/09/25/morocco-eyes-10-bln-euro-investments-i...