Engie North Africa seeks buyer for its stake in Safi coal plant

North African offshoot at French Engie compagnie said it was looking to sell its stakes at Safi coal-powered station, as part of its plan to quit coal operations before 2027, its CEO told Reuters.

The company operates Morocco’s largest wind park in Tarfaya and is building a desalination plant along with its wind farm in Dakhla.

For Safi, Morocco’s biggest power station, Engie is discussing with its partners how to decarbonize the plant, including via green ammonia, Engie CEO Loïc Jaegert-Huber said.

He also said Engie was interested in Morocco’s power link to connect Dakhla to Morocco’s grid.

The power connection would cost up to $3 billion and run for 1400 kilometers.

France finance minister Bruno Le Maire said his country was ready to finance this project, which would transport green energy from the southern provinces to the rest of Morocco.