Morocco - Noor Solar Power Project : Additional Financing (Anglais)

The objective of the Additional Financing for the Noor Solar Power Project for Morocco is to increase: (a) installed capacity (megawatt) and (b) electricity output (megawatt‐hour), especially during peak hours, of the Noor‐Ouarzazate Solar Complex. The...  Voir la suite The objective of the Additional Financing for the Noor Solar Power Project for Morocco is to increase: (a) installed capacity (megawatt) and (b) electricity output (megawatt‐hour), especially during peak hours, of the Noor‐Ouarzazate Solar Complex. The IBRD and CTF Additional Financing (AF) will support further innovative solar power generation in Morocco, beyond the operating Noor‐Ouarzazate I plant and the Noor‐Ouarzazate II and III plants under construction, by expanding the scope of the original project to support development of Morocco’s ‘Noor’ Solar Plan. This will include supporting the development of the Noor‐Midelt Solar Power Project in addition to the Noor-Ouarzazate Concentrated Solar Power Project. The name of the parent project will be changed to Noor Solar Power Project; and the closing date will be extended to December 31, 2022, to accommodate developing and constructing the Noor-Midelt Solar Power Project. The restructuring will also reallocate funds from Component 2 (Cost Mitigation Mechanism) of the original project to a new component three in the restructured project. This component three will be dedicated to the Noor‐ Midelt Solar Power Project investment cost, which will include: (i) US$100 million from IBRD and US$25 million from CTF under the AF; (ii) US$100 million reallocated from component two; and (iii) co-financing from other development partners (the African Development Bank (AfDB), the European Investment Bank (EIB), the German Development Bank (KfW), and the French Development Agency (AFD).  Réduire

Document disponible en : Arabe