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Image used for illustrative purpose. Solar panels at sunny power plant.
Morocco is pushing ahead with plans to build four solar energy plants to feed its phosphate and fertiliser production facilities, a newspaper said on Thursday.
The Washington-based International Finance Corporation (IFC), a member of the World Bank, will fund the projects with a loan of 100 million euros ($110 million), the Moroccan Arabic language daily Hespress said.
State-owned OCP Group, the main phosphate and fertilizer producer in the North African Arab country, will build the solar plants in the Central city of Ben Guerir and Khouribga in North Central Morocco, the paper said.
It quoted OCP as saying in a statement that the four plants would have a combined production of around 202 megawatts (MW) of clean energy and that they would be built by its subsidiary SA Energy Green OCP.
“These clean energy projects are part of OCP’s ongoing green investment programme with total investments of nearly $13 billion,” the statement said without mentioning when the projects would be launched.
(Writing by Nadim Kawach; Editing by Anoop Menon)
