The French Agency for Development (AFD) decided to give Morocco an appropriation of € 100.3 million in order to “support the implementation of its solar energy plan and the construction of a solar power plant in Ouarzaza
Global Arab Network – The French Agency for Development (AFD) decided to give Morocco an appropriation of € 100.3 million in order to "support the implementation of its solar energy plan and the construction of a solar power plant in Ouarzazate."
The sum is composed of a loan of €100 million and a donation of €300,000. The AFD underlined the importance of the plan, launched in 2009 with the aim of raising the capacity of power production from solar energy to a minimum of 2000 MW by 2020.
In this regard, it said that while Morocco imports 97% of its energy needs, "which puts a strain on its balance of trade and its budget," it "has, however, one of the most abundant solar resource in the world."
Morocco, France sign MoU to promote investments
Rabat – Morocco’s Investment promotion agency (AMDI) and the French Chamber of Commerce and Industry in Morocco (CFIM) signed, in Rabat, to strengthen bilateral partnership.
The MoU is designed to further foster partnership in terms of promoting investments through the exchange of information and expertise between the two countries.
Signed by Director General of AMDI and CFIM’s President, the MoU is part of the momentum witnessed in the French-Moroccan relations.
The signing was preceded by a conference on French investments in Morocco, during which investment opportunities and the advantages offered by the Kingdom were highlighted.