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FINANCIAL NEWS
Morocco opens final tender on USD1.7 b wind farms
28 Feb 2014
(MENAFN) Morocco has opened a final tender for construction of five wind farms totaling 850 megawatts worth USD1.7 billion, according to Arab News.
Some power companies won the pre-qualification last year, including Spain”s Acciona, France”s EDF, Saudi Arabia”s ACWA Power, Morocco”s royal holding company Nareva, Britain”s International Power and Italy”s Enel.
State-run power utility ONEE said: “It is one of the biggest wind farm projects in the world.”
Morocco plans to increase power generation from wind farms to 2,000 MW by 2020 from the current 280 MW at a cost of USD3.7 billion.
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BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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