Immovability in Morocco turns to big business prospects

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A Spanish company, Abengoa specializing in worldwide energy technology, revealed that it had lately started work on a desalination plant in Morocco, the largest in the region. It will provide 100,000 m3/day of drinking water to above 500,000 people in Agadir and nearby place, with the aptitude to double in the future.

Immovability in Morocco turns to big business prospects

Immovability in Morocco turns to big business prospects

The improved water security given by the Abengoa plant will extensively facilitate the advancement of the two most important economic drivers which is agriculture and tourism. With $88 million in sponsoring through a local partner and a consortium of banks, Abengoa’s plant is the first public-private-partnership project that the National Power and Drinking Water Office has enhanced.

In 2014 Morocco’s GDP grew 3%, enhanced by electronics exports that soared 26.2% and an automobile business whose exports climbed 26.5%, generating it the nation’s leading export sector. But this was no provisional vogue, Morocco has been enlightening a steady business environment for years. Abengoa which was started working in Morocco in 1977, commenced operations at Ain Beni Mathar, Africa’s first solar thermal plant, in 2010. Merging solar power and natural gas, the plant has an aptitude of 472MW and creates 10% of the nation’s electricity.

The nation also has strategies for major energy infrastructure structure as it needs to lessen its dependence on oil and coal imports on the side of natural gas and renewables. In December, Morocco divulged that it would enhance LNG imports and build a maritime terminal cost as much as $4.6 billion at the industrial centre of Jorf Lasfar, an addition to develop four gas-fired power plants of 600MW each.

The Moroccan Solar Energy Program intends to put up 2GW of solar capacity by 2020, when renewables will produce 42% of all electricity. A main factor is the Ouarzazate complex, which when concluded will be the biggest solar facility in the world with a complete capacity of 560 MW. The project’s resources is approximately $2.35 billion, and it will produce electricity for about 1.3 million populace whilst preventing about 800,000 tons of annual carbon dioxide emissions. Constructed by a Saudi firm, the first power plant (with a capacity of 160 MW) will be linked to the grid in October 2015, while all facilities are approximated to be equipped by 2019.

Mohamed Dekkak