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Signature(s)

Amount
€ 387,000,000
Countries
Sector(s)
Morocco : € 387,000,000
Energy : € 387,000,000
Signature date(s)
21/12/2018 : € 119,000,000
21/12/2018 : € 268,000,000
Link to source
Data sheet

Summary sheet

Release date
6 February 2020
Status
Reference
Signed | 21/12/2018
20160526
Project name
Promoter - financial intermediary
NOOR MIDELT
MOROCCAN AGENCY FOR SUSTAINABLE ENERGY
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 387 million
EUR 2676 million
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

This project, concerning the Midelt Solar Complex, located near the city of Midelt, will finance the construction and operation of two hybrid photovoltaic/concentrated solar power (PV-CSP)plants with storage of ca. 500 MW each (total gross capacity of up to ca. 1000 MW). After the Ouarzazate complex, this is the second programme launched by MASEN under the NOOR Plan. Additionally, it is the first one using both PV and CSP technologies.

The PV-CSP hybrid solution will optimise the operating parameters of the plants, by enabling the electricity supply after sunset while providing a low-cost solution for daytime generation.

Environmental aspects
Procurement

Details of the Environmental Impact Assessment (EIA) procedures will be reviewed during appraisal, in particular the procedures for ensuring compliance with the EIB standards and principles of EU directives.

The promoter has to ensure that the project implementation will be done in line with the EIB's Guide to Procurement.

Under ELM Guarantee

This operation is covered by the ELM Guarantee.

Link to source
Summary sheet
Other links

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Documents

Environmental and Social Data Sheet (ESDS) - NOOR MIDELT PHASE I
Publication Date
13 Mar 2019
Document language
Main Topic
Lending
Document Number
77307870
Document Focus
Environmental Information
Project Number
20160526
Sector(s)
Countries
Publicly available
Download now
Other links
Summary sheet
Data sheet

General enquiries and comments

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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