Release date: 5 July 2006
Promoter – Financial Intermediary
Office National de l’ElectricitéLocation
Description
Financing of phase II of the final section of Morocco's Rural Electrification Programme (PERG).
Objectives
Alert to electricity's importance as a significant catalyst for development and in view of the Kingdom's low rate of rural electrification (18% in 1995), ONE drew up and introduced the Rural Electrification Programme (PERG), which was approved by the Cabinet under the Rural Electrification Plan in August 1995. This Programme aims to extend access to electricity by 2010 to all rural homes in the Kingdom with an annual investment budget of MAD 1 bn and an average rate of implementation of 100 000 homes a year.
The proposed loan will help to finance phase II of the fourth section of PERG. Implementation of this phase will bring electricity to 9 482 villages throughout the Kingdom, i.e. 355 307 rural homes.
Comments
Electricity distribution.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 170 million
Total cost (Approximate amount)
EUR 573 million (MAD 6 337 million)
Environmental aspects
An environmental impact assessment is not required on the basis of the European Union's directives on electricity distribution, and especially owing to the technical nature of this project (low and medium voltage only).
Nonetheless, the environment and local regulations will be examined as part of the project appraisal.
Procurement
Call for tenders to be published in the OJEU, among other publications, in line with the Bank's Guide to Procurement.
Status
Signed - 14/12/2006
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).