Highlights

HM the King chairs a signing ceremony of documents on the financing, construction and operation ofthe first solar power plant in Ouarzazate. : 20/11/2012

HM the King chairs a signing ceremony of documents on the financing, construction and operation ofthe first solar power plant in Ouarzazate.

The Minister of Economy and Finance, Mr. Nizar Baraka, took part Monday, November 19th, 2012 in Marrakech, in the signing ceremony of documents relating to the financing, construction and operation of the first large Solar power plant of Ouarzazate.  

During this signing ceremony, which washeaded by His Majesty King Mohammed VI, May God assist him, nine agreements were signed:

  • An agreement state- ONEE for the appropriation of the Energy Development Fund, signed by Mr. Nizar Baraka, Minister of Economy and Finance, Mr. Fouad Douiri, Minister of Energy, Mines, Water and Environment, Mr. Ali Fassi Fihri, Director General of the National Office of Electricity and Drinking Water (ONEE).
  • An agreement State- MASEN for the allocation of the Energy Development Fund, signed by Mr. Nizar Baraka, Mr. Fouad Douiri and Mr. Mustapha Bakkoury, CEO of Moroccan Agency for Solar Energy (MASEN).
  • A loan agreement from the French Agency for Development to MASEN and appurtenances relating thereto, signed by M. Nizar Baraka, Mr.Mustapha Bakkoury and Mr. Joel Daligault, Director of the French Development Agency in Morocco.
  • A loan agreement from the African Development Bank to MASEN and appurtenances relating thereto, signed by Mr. Nizar Baraka, Mr. Mustapha Bakkoury and Mrs. Amani Abou Zeid, Resident Representative of the African Development Bank in Morocco.
  • A loan agreement fromthe Clean Technology Fund to MASEN and appurtenances relating thereto, signed by Mr. Nizar Baraka, Mr. Mustapha Bakkoury and Mrs. Amani Abou Zeid, appointed by the Clean Technology Fund.
  • A loan agreement from the KFW Bankengruppe to MASEN andappurtenances relating thereto, signed by Mr. Nizar Baraka, Mr. Mustapha Bakkoury and Mrs. Silke Standtman, Director of KFW Bankengruppe in Rabat.
  • A loan agreement from the European Investment Bank (EIB) to MASEN signed by Mr. Mustapha Bakkoury, Mr. Christophe Negré, Head of Division in the EIB andGuido Prud`Homme, director of the EIB office in Morocco.
  • A contract for the purchase of electricity between MASEN and "ACWA Power International" company signed by Mr. Bakkoury Mustapha, Mr. Ali Fassi Fihri, Director General of ONEE , Mr. Mohamed Abdullah Abunayyan, President of "International company for water and power" and Paddy Padmanathan, CEO of "International company for water and power."
  • A power purchase agreement between ONEE andMASEN, signed by Mr. Bakkoury and Mr. Mustapha Ali Fassi Fihri.