Tanzania Electric Supplying Company Limited (Tanesco)

Morocco picks Mitsubishi advanced turbines for Al Wahda power plant

Morocco’s National Office of Electricity & Drinking Water (ONEE), has selected Mitsubishi Power and its M701JAC gas turbines for the Al Wahda open-cycle gas turbine (OCGT) power plant. The 990 MW Al Wahda project consists of two 495 MW open-cycle gas turbines (OCGT) using gas – and diesel as an emergency fuel – with the […]

New WB $300 million loan to support Moroccan municipalities’ performance, service delivery

The World Bank’s Board of Executive Directors has approved a $300 million loan (€271.8 million) to support the strengthening of Morocco’s municipalities, an objective that is part of the Kingdom’s broader efforts to upgrade urban services and turn urban conglomerations into engines of growth and job creation. The Municipal Performance Project aims to build capacity […]

Saudi investment company in Egypt to acquire 25 per cent of fertilizer giant MOPCO

The recently launched Saudi-Egyptian Investment Company (SEIC) is set to acquire 25 per cent of stakes in Egyptian fertilizer giant Misr Fertilizers Production Company (MOPCO) for an unrevealed amount. The deal, Arab Finance reports citing a source who asked not be named, might have been executed Tuesday or it would be carried out this Wednesday […]