Donations and Funding for ONEE’s program Confirmed

Home  /  News  /  Donations and Funding for ONEE’s program Confirmed

ONEE’s “Clean Energy and Energy Efficiency “program consists of three projects will beDonations and Funding for ONEE’s program Confirmed funded by the World Bank. ONEE will also receive funding from the Clean Technology Fund (CTF) under which ONEE receive a concessional loan of $ 25 million and a grant of $ 1 million.
The Morocco’s only electric recently company launched a plan to develop solar power plants of medium size (20-30 MW) at the end of lines which will also strengthen the security of electricity supply in selected areas. This plan, which is a total installed capacity of 400 MW at a cost of around $ 800 million, consists of two phases.
As to the second stage, called “Atlas” with a total capacity of 200 MW spread over eight photo-voltaic plants at the end of lines, could benefit, at the request of the ONEE, financial support of the German Bank KfW within the Moroccan- German cooperation as well as that of the European investment Bank (EIB) in addition to the contribution of the European Commission.
Last January, the KfW granted ONEE 1.7 million Euros to finance preparatory studies for this second phase.