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Morocco’s ONEE to invest MAD26 billion by 2023 on electricity sector [free access]

July 22, 2019

State-owned integrated power and water utility of Morocco—Office National de l'Electricité et de l'Eau Potable (ONEE)—plans to invest around MAD26 billion for the implementation of electricity projects across the country, under its new 2019-23 strategy to improve electricity access across the country.

 

Under the transmission segment, ONEE plans to invest MAD8.7 billion for the implementation of regional integration projects with Mauritania and Portugal. The utility is evaluating the feasibility of these grid-interconnection projects.

 

Under the generation segment, around MAD8.6 billion is envisaged for the construction of power plants generating up to 4.3 GW. Majority of the power generated will be from solar, hydroelectric and wind power as the country aims to generate 52 per cent of its total power via renewable energy (RE) sources by 2050.

 

Under the distribution segment, ONEE will invest MAD8.8 billion towards reinforcement of electricity access in rural areas and distribution of electricity to 30,900 households across the country.

 

(MAD1=USD0.27)