Release date: 6 November 2013
Promoter – Financial Intermediary
The promoter is the public national utility Office National de l'Électricité et de l'Eau Potable (ONEE), resulting from the merger of Office National de l'Electricité (ONE) and Office National de l'Eau Potable (ONEP) which occurred on 24th April, 2012. ONEE is a state-owned enterprise.Location
Description
The project involves the construction of three wind farms located in Midelt "150 MW", Tangier "100 MW" and Essaouira "200MW". It is part of the second phase of the Moroccan Wind Programme for a total capacity of 850 MW.
Objectives
The Project will increase electricity production to cover demand and supports the strategy to increase the share of renewable energy in Morocco's electricity generation portfolio to 42% by 2020. The project will also meet the government's objectives of: • The development of the Moroccan wind energy potential • The development of Moroccan wind power industry • The social and regional development • The development of specialised training in the field of wind energy, and • The promotion of research and development in the wind industry. The project also fulfills the Government's objective to increase participation of the private sector in energy generation through a public-private partnership (PPP) between ONEE and the sponsor to be selected by the tender process.
Comments
This operation is covered by the EU Guarantee for EIB loans outside the EU.
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
EUR 704 million
Environmental aspects
The project will undergo an EIA, including public consultation according to the local legislation and compliance with international standards (Equator Principles, World Bank and IFC). In particular, the impacts (including cumulative) of wind farms on biodiversity (including migratory birds), the local population and heritage, should be carefully evaluated after the bidding process. The evaluation and monitoring of impacts on biodiversity will be based on best international practices (EU Guidance on wind energy developments – http://ec.europa.eu/environment/nature/natura2000/management/docs/Wind_farms.pdf
Procurement
A competitive concession tender for the selection of the private investor with which the promoter will develop, construct and operate the wind farms is currently on-going. The prequalification phase was published on the OJEU and has been finalised. As a condition to the financing, the Bank will require the final phase of the tender and the procurement of the wind farms to be compliant with the Bank's procurement policy.
Status
Signed - 30/12/2013
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).