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    Signature(s)

    Amount
    € 100,000,000
    Countries
    Sector(s)
    Morocco : € 100,000,000
    Energy : € 100,000,000
    Signature date(s)
    22/12/2014 : € 100,000,000

    Summary sheet

    Release date
    21 October 2013
    Status
    Reference
    Signed | 22/12/2014
    20130342
    Project name
    Promoter - financial intermediary
    OUARZAZATE II (PARABOLIC)
    Moroccan Agency for Solar Energy (“MASEN”)
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 100 million
    EUR 865 million
    Location
    Sector(s)
    • Energy - Electricity, gas, steam and air conditioning supply
    Description
    Objectives

    Construction and operation of a 200 MW CSP Parabolic trough plant under the next phase of the Ouarzazate solar power complex.

    The project’s main objective is to help developing a globally-available, non-carbon power generation technology that ultimately may not require fossil fuel back-up capacity and reduce the costs of CSP for world benefit. By creating a new green industry and increasing the penetration of renewable energy in the country’s energy mix, the project will contribute to Morocco’s objectives of a more secure energy supply, energy diversification, CO2 emission reductions, increased employment and protecting the local environment.

    Environmental aspects
    Procurement

    If the project were located in the EU, it would fall under Annex II of the EIA Directive (85/337/EEC) as amended, requiring the competent national authority to determine the need for an Environmental Impact Assessment (EIA). Under Moroccan Law, the project requires a mandatory EIA including initial scoping and public consultation, which has already been performed and approved. During appraisal, the Bank will ensure that the project complies with the Bank’s principles and standards as regards environmental and social issues.

    Within the EU, the promoter, being a public contracting authority, would be subject to public procurement procedures according to 2004/17/EU, including publication of contract notices in the Official Journal of the EU. In line with the Bank’s principles and its statute, the promoter is following the provisions of the Bank’s Guide to Procurement, which includes amongst others international competitive bidding and Official Journal of the EU contract notice publication for the items to be financed by the Bank.

    Under ELM Guarantee
    Comments

    This operation is covered by the EU Guarantee for EIB loans outside the EU.

    This operation is covered by the EU Guarantee for EIB loans outside the EU.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - OUARZAZATE II (PARABOLIC)
    Publication Date
    7 Jul 2014
    Document language
    Main Topic
    Lending
    Document Number
    50058884
    Document Focus
    Environmental Information
    Project Number
    20130342
    Sector(s)
    Countries
    Publicly available
    Download now
    Non-Technical Summary (NTS) - OUARZAZATE III (TOWER) - Nooro II CSP Plant
    Publication Date
    16 Apr 2016
    Document language
    Main Topic
    Lending
    Document Number
    57983714
    Document Focus
    Environmental Information
    Project Number
    20130342
    Sector(s)
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - OUARZAZATE II (PARABOLIC)
    Publication Date
    21 Jan 2020
    Document language
    Main Topic
    Lending
    Document Number
    124864589
    Document Focus
    Environmental Information
    Project Number
    20130342
    Sector(s)
    Countries
    Publicly available
    Download now
    Other links

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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