|Approval Date||17 Dec 2007|
|Signature Date||07 Apr 2008|
|Planned Completion Date||31 Dec 2014|
|Last Disbursement Planned Date||31 Dec 2014|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||23630|
The Ain Beni Mathar Solar Thermal Power Plant Project is part of the program of equipment for electric power generation (PEP) and the National Electricity Office (ONE) for the promotion of renewable energies for supply-demand matching by 2008-2011. The ABM project will be the Bank's first contribution to the construction of a solar power plant, which is also new for Morocco, in a context characterized by a major effort to restructure the sector, technological innovations, market opening and regional integration. It was initiated in 1994 during a pre-feasibility study of a thermo-solar power station in the regions of Ouarzazate and Taroudant in the center-south of the country with sufficient sunshine to justify the construction of such a power plant. This supplementary loan is intended to cover the additional cost of changes to the plant's technical specifications and the configuration of the transmission system. These changes are required in view of the delay in the completion of the production equipment program combined with a higher than initially anticipated increase in electricity demand. The resized project will increase ONE's generating capacity by approximately 470 MW and provide the interconnected system with an additional 3,200 GWh per year, including 40 GWh of solar origin. It will be executed over a total period of forty-two months (42) months, taking into account the actions already taken before the approval of this complementary financing. The total cost, net of taxes and customs duties, is estimated at UA 378.03 million. The ADB's additional financing, estimated at UA 135.5 million, brings its total participation to UA 248.49 million (or EUR 277.59 million) and covers about 65.73% of the total cost.
The sector goal of the project is the generalization of access to electricity and the development of renewable energies in order to support the economic growth and competitiveness of Moroccan companies. Its specific objectives are to contribute to securing the country's electricity supply, diversifying energy sources and reducing the emission of greenhouse gases.
The program will benefit directly to the National Electricity Office (ONE).
African Development Bank
GOUVERNEMENT DU MAROC MINISTERE DES FINANCES DIRECTION DU
|Last Update||24 Sep 2022|
|33.6667 -2.5||Oriental Region|
|34.0097 -2.03238||Aan Beni Mathar|