First Independent Mena Newspaper
On Morocco’s Atlantic coast lies Id Mjahdi a small village near the coastal city of Essaouira that secures all its energy needs from solar-energy, the first of its kind in the whole African continent, CNN said in a special report. The US channel highlighted on its website the far-sightedness of Morocco’s renewable energy strategy. This […]
The African Development Bank (AfDB) approved on Wednesday a €245 million loan to the National Office of Electricity and Drinking Water (ONEE) to enable the Moroccan utility company expand its rural electrification projects. “Developing a reliable electricity network will enable the Kingdom to meet an energy demand recording a 5 pc annual growth” said Mohamed […]
Morocco and the International Energy Agency (IEA) vowed to deepen their cooperation in the areas of energy security, renewable energy, energy efficiency, capacity building and data and statistics, under an action program for the period 2020-2021. The joint work program, signed Friday in Paris, aims to meet the specific needs of the Kingdom for transitioning […]
The African Development Bank (AfDB) has just allocated €48.82 million to Burkina Faso for the construction of a solar plant. The funding was allocated in the form of a loan to build a 52 MW power plant as part of the bank’s “Desert to Power 2020-2024” initiative. Upon completion, the plant will provide energy to […]
The European Bank for Reconstruction and Development (EBRD) will support the Egyptian Electricity Transmission Company (EETC) with $183 million to finance the modernization of the electricity grid by injecting renewable energy and strengthen the transmission network in the country. The EBRD funds will facilitate the integration of 1.3 GW of new renewable energy into the […]
US energy giant Chevron signed a deal with Morocco’s Akwa Group to make the Kingdom its lubricants manufacturing and exporting hub to Africa. An agreement was signed in that regard between Chevron and Akwa Group, bringing the share of Chevron from 25% to 50% of Akwa Group subsidiary Afriquia Lubrifiants. Under this deal, Chevron will […]
Germany will contribute €571 million to the implementation of Morocco’s reforms seeking to improve business and investment climate, update the financial sector and strengthen advanced regionalization. The reform partnership MoU, signed Friday in Berlin, falls in the frame of the G20 Initiative Compact with Africa and aims at developing further the potential of the private […]
Forces aligned with UN-backed Government of National Accord (GNA) Wednesday announced they have taken control of El-Feel oilfield in Southern Libya, from rivals answering to rebel and military commander Khalifa Haftar. Sabha Military Region claimed on a facebook post the seizure of El-Feel oilfield in the Southwest region of the oil rich country. The field […]
Morocco is determined to speed up its transition to a low-carbon economy with the signing lately of new contracts for the building of a 300 megawatt wind farm in the southern province of Boujdour. The contracts of the wind farm to cost over €375 million were inked by the state-run electricity & water company (ONEE), […]
Production at the Tunisian Nawara natural gas field in the Sahara of Tataouine, initially scheduled for October, will start at the end of December 2019, Director of Projects and Development at the Tunisian Oil Activities Company (ETAP) Mongi Nairi told TAP. Mongi Nairi explained that the operations on the site have been delayed because of […]