News Column

OUARZAZATE III (TOWER)

June 26, 2014



Status : Active Phase : Planning (Under appraisal) Reference: 20130468 Release date: 18 June 2014 Promoter Financial Intermediary : MOROCCAN AGENCY FOR SOLAR ENERGY Location : Morocco Sector(s) : Energy Proposed EIB finance (Approximate amount) : EUR 150 million Total cost (Approximate amount) : EUR 850 million Description : Construction and operation of a 150 MW concentrating solar power (CSP) Tower plant under the third 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. Environmental aspects : If the project were located in the EU, it would fall under Annex II of the Environmental Impact Assessment (EIA) Directive (85/337/EEC) as amended, requiring the competent national authority to determine the need for an EIA. Under Moroccan Law, the project requires a mandatory EIA including initial scoping and public consultation. 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.

Project completion date : 2015-06-30 12:00:00

Major organization : MOROCCAN AGENCY FOR SOLAR ENERGY

Address : Med Ben Hassan Al Ouazzani Street Chellah Area 1002 Rabat Morocco Website : www.masen.org.ma



Country :Morocco

Financier : European Investment Bank (EIB),

Financier address : Financier : European Investment Bank 98-100, boulevard Konrad Adenauer L-2950 Luxembourg Website : www.eib.org/ Tel : (+352) 43 79 1 Fax : (+352) 43 77 04


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: TendersInfo (India)


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters