Search En menu en ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

    Signature(s)

    Amount
    € 100,000,000
    Countries
    Sector(s)
    Morocco : € 100,000,000
    Energy : € 100,000,000
    Signature date(s)
    19/11/2012 : € 100,000,000
    Link to source

    Summary sheet

    Release date
    19 September 2011
    Status
    Reference
    Signed | 19/11/2012
    20100242
    Project name
    Promoter - financial intermediary
    CENTRALE SOLAIRE DE OUARZAZATE
    Moroccan Agency for Solar Energy ("MASEN")
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 100 million
    EUR 676 million
    Location
    Sector(s)
    • Energy - Electricity, gas, steam and air conditioning supply
    Description
    Objectives

    The 500 MW Ouarzazate complex is the first project launched under the Moroccan Solar Plan. It will be developed through different successive phases. The project is the first phase of the complex and will follow the Independent Power Producer model already implemented in Morocco. It is expected to comprise one thermal solar power plant with a production capacity between 125 and 160 MW, with a minimum of around 450 MWh of thermal storage. The project is scheduled to begin operation in early 2014.

    The Moroccan Solar Plan is one of the six concrete projects of the Union for the Mediterranean, launched by the Euro-Mediterranean Heads of State and Government during the Paris Summit, held on 13th July 2008, to promote the production and use of renewable energies (more specifically, turning the Mediterranean partner countries into producers and exporters of solar energy).

    Environmental aspects
    Procurement

    If the project were located within the EU, it would fall under Annex II of the EIA-Directive (85/337/EEC) as amended. In line with national legislation (EIA Law No.12-03), the promoter intends to follow an EIA procedure for the project. A scoping environmental and social study has been prepared for the whole Ouarzazate complex, and the promoter will require that the successful bidder for the first phase (i.e. the project) performs an EIA. Details of the Environmental procedures to be carried out, including possible impacts on any sites of nature conservation importance, will be investigated further by the Bank during appraisal to 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.

    Comments

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

    Link to source

    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).

    News & Stories

    Videos

    Photogallery

    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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

    Related publications