Safi Thermal Power Plant: Usd 2.6 Billion Investment Contracts Signed

Date : 17 09 2014

Rabat, Sep. 17th, 2014 - Government Chief Abdelilah Benkirane chaired, here Wednesday, the signing ceremony of the documents related to the investment contracts concerning the Safi thermal power plant at a total cost of 2.6 billion dollars (around 23 billion dirhams).

 

The plant, the largest in Morocco, will provide an annual production covering around 25 percent of the national electricity demand by 2018, with an aggregate capacity of approximately 1,386 MW.

 

This latest-generation plant, which is part of the national strategy to meet the growing electricity at the lowest cost and the environmental demand, is characterized by optimizing the environmental performance and efficiency high in comparison with conventional plants. It will enable a significant reduction in CO 2 and a reduction in costs associated with fuel.

 

The plant will be built by the OEM South Korean Daewoo Engineering & Construction Co. The construction contract thereto, an amount of 1.8 billion U.S. dollars, was signed on August 9, 2013 between the manufacturer and the company SAFIEC.

 

From the beginning of its construction, and throughout the period of its operation, the plant will contribute significantly to the dynamics of economic and social development of the Kingdom, and particularly that of the region of Safi and this, particularly in terms of job creation and use of the services of local SMEs. 

 

It will also allow the development of existing or under construction port, rail and power infrastructure, including the new port of Safi to house the coal dock that will supply the plant with coal and the construction works were initiated by HM King Mohammed VI in April 2013.

 

The commercial operation of the plant will begin in 2017.

 

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