Morocco is determined to continue its plans to construct parts of a $9bn solar project in the disputed Western Sahara region after it secured sufficient foreign financing to fund the project.
That is despite major international lending firms and bank refused to finance the project due to international sensitivities on control of the territory.
But, Moroccan Foreign Minister snobs the rejection of these lending companies and banks guaranteeing that the Kingdom has no financing problems as there are more investors from Japan, China and Gulf Countries who can assist them pursuing the project. He declined to give details on the financing contracts with specific parties.
Morocco has controlled most of Western Sahara since 1975 following Spain’s withdrawal from the territory. However, resistance to Moroccan control among a section of the population prompted a UN mission formed more than 20 years ago ahead of an expected referendum on the region’s political future, which has never taken place.
Morocco, a net energy importer, wants to develop renewable power to reach 20 percent of its energy supply in 10 years, up from 8 percent now, Mezouar said.
The solar project involves five plants, two of them planned in Western Sahara that would produce a total of 2,000 megawatts (MW).
“The goal is to achieve 2,000 MW, and we will continue with our plan. The Western Sahara issue has nothing to do with it. The financing is not conditioned on whether plants are in Sahara or not,” the minister said.