According to a story shared today on Le Mating Eco, the first phase of Morocco’s National Office of Water and Electricity (ONEE) huge Photovoltaic solar project is expected to cost around $153 million, most of which would be provided by the World Bank.
According to the said source, the first phase concerns “building four stations, part of the Noor-Tafilalet project, with a total generation capacity of 100 MW.”
The World Bank will provide $125 million to ONEE, through the International Bank for Reconstruction and Development program (IBRD), even though the aforementioned daily stressed that the ONEE is still negotiating the loan conditions with the World Bank affiliate body.
It is worth reminding that once the first phase folds up, the ONEE will take on the second phase, namely the Noor-Atlas project, that revolves around building 8 stations with a total generation capacity of 200 MW.
The Moroccan Times.