Morocco is determined to continue its plans to construct parts of a nine billion dollar solar project located in the disputed Western Sahara region after it obtained enough foreign funding to build the project.
That is despite major international lending firms and the bank refused to finance the project due to global sensitivities on the jurisdiction of the land.
But, Moroccan Foreign Minister snobs the rejection of these lending companies and banks guaranteeing that the Kingdom has no financial difficulties as there are more investors from Japan, China and Gulf Countries who can assist them pursuing the project. He refused to present information on the financing contracts with concerned parties.
The Kingdom has ruled the majority of Western Sahara from 1975 next to withdrawal of Spain from the land. But, refusal to be under Moroccan control among a part of the general public prompted a UN mission formed over 20 years ago ahead of an expected referendum on the region’s political future, which has never taken place.
Mezouar stated, the country, an importer of net energy, would like to develop renewable power to acquire 20% of its energy supply in ten years, an increase from the present 8%,
The solar project covers 5 plants wherein 2 of them planned in Western Sahara that would produce an overall of 2,000 megawatts.
“The objective is to attain 2,000 megawatts, and we will carry on with our plan. The Western Sahara issue has nothing to do with it. The budget is not accustomed to whether plants are located in Sahara or not,” the minister said.