(Corrects paragraph 4 to add BMCI to the list, replacing BMCE Bank)
RABAT, Sept 18 (Reuters) - Safi Energy Company has secured $2.6 billion in financing to build a 1,386-megawatt coal-fired power plant in southern Morocco, state news agency MAP reported.
Safi Energy is a joint venture between Morocco's Nareva, France's GDF Suez
Morocco wants to meet domestic power consumption using thermal power, clearing the way for it to export renewable energy to the European Union.
The financing secured by Safi Energy includes $900 million from the Bank of Japan
GDF Suez and Nareva won the 23 billion dirhams ($2.68 billion) tender to build and operate the plant in 2010, and Mitsui joined the venture in 2013. The project includes the construction and operation of two 693 MW coal-fired units.
Safi Energy awarded a construction contract, worth $1.77 billion, to South Korea's Daewoo Engineering
The plant which will start operating in 2018, will increase Moroccan coal imports by 3.5 million tonnes annually.
The government is investing 4.7 billion dirhams to build a coal port in Safi to meet the plant's needs. The port will be designed to import 7 million tonnes of coal a year, as the government plans to build another plant of the same capacity in the area in the next few years.
($1 = 8.6148 Moroccan Dirhams)
(Reporting By Aziz El Yaakoubi; Editing by Pravin Char) ((aziz.elyaakoubi@thomsonreuters.com)(+212623934595))
Keywords: MOROCCO POWER/SAFI




















