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Power generation: Tripling the volume of investment

Par Mohamed CHAOUI | Edition N°:6836 Le 30/08/2024 | Partager

Reducing the energy bill is a headache for the Government. The global economic, financial, and energy situation has had an impact on Morocco and the rest of the world. This is why the Ministry of Energy Transition has taken a series of measures, including an emergency plan, to enable the country to access the global liquefied natural gas market for the first time in its history.

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O boost the supply of electricity, the Government has launched a series of initiatives and programs, including one to supply industrial zones with clean electrical energy

This operation has made it possible to diversify sources and meet the National Electricity Board (ONEE’s) needs for the two Tahadart and Aïn Béni Mathhar plants. The line  department is accelerating investment in gas infrastructure, particularly by the private sector. A call for expressions of interest will be launched in this area.

Renewable energies have not been left behind. In fact, during the first half of the Government’s term, several projects were authorized with a capacity in excess of 2,000 megawatts. This is the largest capacity authorized by the Ministry in the last two years. In addition, a series of initiatives and new programs have been developed. Top of the list is the implementation of a program to supply industrial zones with clean electrical energy. In addition, authorizations have been granted for two projects to supply the industrial zones of Kenitra and Tangiers, with a capacity of around 150 megawatts.

On the legislative and regulatory front, two important laws were enacted. Firstly, Law no. 40.19, amending and supplementing Law no. 13.09 on renewable energies. Then there’s Law 82.21 on self-generation of electrical energy.

The latter law aims to give citizens, including homeowners and SMEs, access to low-cost renewable energies, enabling them to better control their energy consumption and reduce their bills.  The Ministry has also launched a series of consultations on the electrical equipment plan for the 2023-2027 period. The aim is to take account of developments in the sector, particularly with regard to the acceleration of renewable energy and natural gas projects. According to the Ministry, the scheme will triple the volume of investment in renewable energy power generation.

Mohamed CHAOUI