First Independent Mena Newspaper
Chinese company Aeolon, specializing in the production of next-generation wind turbine blades, announced the beginning of the construction works of its first overseas plant in Morocco’s Nador Industrial Acceleration Zone. The plant, requiring an initial investment of €220.8 million, will produce wind turbine blades for markets in Europe, Africa, and the Middle East. It is […]
Morocco’s National Office of Electricity & Drinking Water (ONEE) has partnered with GE Vernova’s Gas Power business and Nareva to decarbonize Laâyoune Power Plant, which is powered by three GE Vernova 6B heavy-duty gas turbines. The project, first of its kind in Africa, will enable the North African Kingdom to generate carbon-free electricity using green […]
Morocco seeks to make the power plant of Laayoune, the largest city in the Moroccan Sahara, operate on green hydrogen instead of heavy fuel as part of its low-carbon goals. In this respect, a Memorandum of understanding was signed by Morocco state-owned water and electricity company ONEE, NAREVA, and GE Vernova to conduct a feasibility […]
Mali, Burkina Faso, and Niger have announced their withdrawal from the Economic Community of West African States (ECOWAS), dealing a hard blow to France and the Algerian regime which is serving the agenda of the former French colonial power in the region. In a joint statement released Sunday, the three Sahel countries said they took […]
Niger’s authorities have temporarily halted the issuance of new mining licenses and ordered an audit of the industry, the Ministry of Mining announced, according to press reports. It is unclear what motivated the measure. However, it comes amid the increase in the price of the commodity on the international market. Last week, the price of […]
King Mohammed VI has extended an invitation to Nigeria’s President Bola Ahmed Adekunle Tinubu to visit Morocco. The monarch extended the invitation during a phone call with the Nigerian President this Tuesday. A statement from the royal palace said the phone call focused on the development of bilateral relations between the two countries over the […]
The European Bank for Reconstruction and Development, EBRD, has committed to a provisional equity investment of up to $75 million in HAU Energy BV, a funding vehicle established by Hassan Allam Utilities that operates in Egypt and is running a project known as 1.1 GW Gulf of Suez wind farm. The investment is set to […]
The past few days have been full of news for Nigeria’s resources sector: It was announced that Nigeria Agenda 2050 requires approximately $100 billion, with 80% expected from the private sector; Shell is set to divest its Nigerian onshore oil and gas subsidiary for $1.3 billion; and the West African country will see the launch […]
The world’s leading producer of phosphate fertilizers, OCP Group, has announced the launch of the construction of four photovoltaic plants in the mining cities of Benguerir and Khouribga in Morocco. This large-scale project, with a total capacity exceeding 200 megawatts (MW), represents a crucial step in OCP’s sustainable development strategy, and translates its growing commitment […]
The African Development Bank (AfDB), through its African Development Fund (ADF), has approved a $303 million loan for the building of a 1,500 km-long power line interconnecting Mauritania and Mali, as part of the Desert to Power Initiative. The project requires $888 million and involves the construction of a 225 kV high-voltage line between Mali […]