Morocco sells 16.6% stake in Comasel to IFC

17 Feb 2010

(MENAFN) Morocco’s National Electricity Office (ONE) announced that it has sold 16.6 percent of its subsidiary in Senegal, COMASEL, to the International Finance Corporation (IFC), a member of the World Bank Group, Reuters reported.

Set up in 2008, COMASEL is a Morocco-Senegalese joint electricity company in charge of supplying power, to rural areas of Senegal’s Saint-Louis region.

This company is granted a 25-year permit. It covers some 550 villages with a population of 362,000 people.

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