The aim of this partnership is to support African countries, especially those in the Sahel region targeted by "Desolation to Power", in the development of renewable energy technologies.
Chair of African Development Bank Group (AfDB.org), Akinwumi Adesina, and Masen President (Masen.ma) (Maritime Agency for Sustainable EnergyMustapha Bakkoury, signed on 7 November 2018, signed a letter of intent confirming their new co-operation under the "Desert to Power" program. This was Africa's first African Investment Forum (AfricaInvestmentForum.com) in Johannesburg, South Africa.
The aim of this partnership is to support African countries, especially those in the Sahel region targeted by "Desolation to Power", in the development of renewable energy technologies most suited to natural circumstances and their needs . specific energy.
The aim is to combine Masen's expertise in the development of renewable energy projects with the active experience of the African Development Bank in this sector, especially in terms of information sharing, capacity building and experience, technical support, project development in renewable energy and the removal of necessary resources.
"Moroccan is an example of renewable energy," said Akinwumi Adesina, president of the African Development Bank when he confirmed the deal. "When I visited the complex Noor Ouarzazate (bit.ly/2qwvLo5), where the Bank invested heavily, what was interesting to me was that it had to do with Moroccan abilities. It's a proof that Africa Achievement of great things, internationally around. He added: "So we have asked Moroccan to support us in the" Desire to Lym "initiative that we are developing in the Sahel. It is a strategic partnership that combines leadership and technical expertise. Together, we will accelerate the efforts to electrome Africa. "
For Mastapha Bakkoury, president of Masen, "to share the experience that Masen has developed and creating a dynamic competitive development for renewable energy on the continent of Africa is to try to ensure that renewable energy is a reality of an inclusive growth driver. ; This partnership with the African Development Bank is a definite asset to deliver this ambition ".
Together, we will accelerate the efforts to electrome Africa
Signature of the importance of this new agreement, is present at the Minister of Economy and Moroccan Finance, Mohamed Benchaaboun, as well as the President of the General Confederation of Moroccan Initiatives (HMCM), Salaheddine Mezouar. Alongside them were also the Moroccan Bank Administrator Abdelmajid Mellouki, Mohamed El Azizi, Director General of North Africa, and Leïla Mokaddem, director of the Moroccan country.
"Experts need to be able to shine through the continent," said Mohamed Benchaaboun, who emphasized how this partnership between Masen and Bank reflects the cooperation of South- De. "
An essential partnership, which in turn won Salaheddine Mezouar: "Today, the African Development Bank sets the example. And as African, we can only be proud of it."
For the Bank, this partnership is a concrete expression of the desire to further strengthen the excellent cooperation that it follows with Morocco. With more than $ 1 billion in commitments, renewable energy generation (solar, wind and hydroelectric) projects account for around 80% of the Bank's energy portfolio. in the Kingdom
The African Development Bank has been the main financial contributor to the solar complex Noor Ouarzazate I (160 MW) Noor Ouarzazate (bit.ly/2vaVXHA), contributing almost 30% of total investment cost. The institution also contributes to the funding of Noor Ouarzazate II (200 MW) and Noor Ouarzazate III (150 MW).
Moroccan has an ambitious aim of increasing the proportion of renewable energy in its energy mix at least 52% by 2030. The Kingdom plans to share its model of renewable energy development with Africa, to help accelerate its energy transfer in the context of sustainable and inclusive growth, especially incorporated in 13 cooperation with African countries in renewable energy, 5 of which are about the scope of "Desert to Power".
In broad terms, this action contributes to the realization of the New Deal for Energy in Africa (bit.ly/2AREyGZ), which proposes to install the 10 GW production capacity of renewable energy sources on the specific horizons. 2025.
The ceremony was signed on the first day of the African African Investment Forum (AIF), the African Development Bank initiative to accelerate the implementation of development projects in Africa. is a catalyst in Africa and includes the private sector. This is, by reducing the risks associated with large-scale investments as well as mediation fees, and by tracking transactions to complete. This first investment market will be held in Africa in Johannesburg, South Africa, until November 9, 2018.