Genesis Morocco: MASEN Announces Tenders for $2.3BN Moroccan Solar Plants are Imminent

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Genesis Morocco

Project Genesis is a strategic sustainable development framework for Morocco to translate from being a net importer of energy and a country facing water shortage issues, into the number one producer both of clean renewable energy and water in the region.

Monday, November 4, 2013    <<Home

MASEN Announces Tenders for $2.3BN Moroccan Solar Plants are Imminent

Tenders for the construction of two solar plants in Morocco worth a total of $2.3BN (€1.7BN) will be issued in the coming weeks, Mustapha Bakoury, the head of Morocco’s solar energy agency Masen, has announced.

Mr Bakoury was speaking at the 4th Desertec industrial initiative (Dii) Conference held in Skhirat outside Rabat where further details of the two projects – one of 200 megawatts (MW) and the other of 100 MW near the southern city of Ouarzazate – were revealed.

The projects will be partly-funded by an $895.7m (€654m) loan secured from German state-owned bank KFW, Reuters has learned from banking sources.

Masen said consortia led by Spain’s Abengoa, GDF’s International Power and ACWA Power had been pre-selected for the 200 MW (Noor II) tender.

The three groups are also pre-qualified for the 100 MW (Noor III) tender, along with another consortium led by France’s EDF.

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