ONEE to spend around MAD 7.7 billion in 2016

Home  /  News  /  ONEE to spend around MAD 7.7 billion in 2016

Moroccan electricity and water utility company, ONEE will have MAD 7.7 billion to put in investments in the country electricity industry in 2016, an upsurge of MAD 1.4 billion compared to the budget in 2015.

ONEE to spend around MAD 7.7 billion in energy in 2016

ONEE to spend around MAD 7.7 billion in 2016

Information revealed what is related to Morocco’s bill on state budget for 2016, investment will be routed mainly into the development of power generation projects. Morocco approximates to add 3,765 MW of generation capacity to its network between 2015 and 2018 in addition to a substantial part of this capacity coming from renewable energy.

Wind power is approximated to give 1,120 MW, of which 220 MW will be structured by private investors under the 13-09 law on renewable energy. The private wind investments at the 120 MW Jbel Khalladi wind farm and the 100 MW Akhfennir II wind farm are expected to start producing electricity towards the end of 2016. The remaining 900 MW which will be structured under the independent power producer (IPP) regime in Tanger, Tiskrad, Taza and Midelt are presently in tendering procdess.

Solar energy will add 500 MW of concentrated solar thermal at the Ouarzazate site as well as 300 MW of photovolatics under the Noor Tafilalet and Noor Atlas projects.

The 2014-2017 investment programme of ONEE, nevertheless, will require to concentrate on measures and actions essential for the recuperation of the regarded as crucial financial circumstance of the utility.

Mohamed Dekkak

Follow me at twitter : https://twitter.com/AdgecoGroup