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    Reference: 20130342
    Release date: 21 October 2013

    Promoter – Financial Intermediary

    Moroccan Agency for Solar Energy (“MASEN”)

    Location

    Description

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

    Objectives

    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.

    Comments

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

    Sector(s)

    • Energy - Electricity, gas, steam and air conditioning supply

    Under ELM Guarantee

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

    Proposed EIB finance (Approximate amount)

    EUR 100 million

    Total cost (Approximate amount)

    EUR 865 million

    Environmental aspects

    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.

    Procurement

    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.

    Status

    Signed - 22/12/2014

    Disclaimer

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

    Related tags

    Morocco Energy