Energy policy of Morocco

Prime Energy Cleantech News: Germany made the financing of the first large Moroccan solar power station.


Prime Energy Cleantech: Officials hope to generate 38 percent of Morocco's power through solar power plants by 2020.
Last week the KfW Entwicklungsbank and the Moroccan Agency for Solar Energy signed the mutual agreement: the German Federal Environment Ministry will provide a grant of 15 million euros from the International Climate Initiative ICI for the installation of the country’s first large-scale solar power plant.

The plant, which will be situated near the city of Quarzazate in southern Morocco, will have a capacity of 160 MW and will generate solar energy availability three hours into the early evening. Construction is willing to begin in 2012 and is expected to continue for the period of one year.

In fact, the construction of this solar thermal power plant is the first step to realize the ambitious solar power plan which comprises building up power plant capacity to 2000 MW by 2020. By expanding the use of wind energy, Morocco plans to cover around 28 percent of its electricity supply with renewable energies by 2020.

Morocco is considered to be the only North African country with no oil production, in fact has made the development of renewable energy sources there all the more necessary.

Actually, this is quite the realistic project. The Energy Minister Amina Benkhadra guaranteed that all the technical and financial resources to make it succeed.

Germany has closely coordinated its financing support of the Moroccan project with other donors, including the World Bank, the African Development Bank, the European Investment Bank, the French Development Bank, and the European Commission. Germany’s contribution to the project will make it one of Morocco’s most important partner’s in establishing the Quarzazate power plant.


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Morocco presents to Madrid the opportunities it offers in Offshoring

Morocco presents to Madrid the opportunities it offers in Offshoring


Morocco presented on Thursday in Madrid, what it offers in investment opportunities in the offshoring sector, and to Spanish investors at the 12th Annual Conference "IT Sourcing".


The Director of the Moroccan Agency for Investment Development (AMDI) in Spain,  Aziz El Atiaoui,  was keen to enumerate the opportunities offered by the offshoring sector to Spanish investors and the growth of knowledge this field in the Kingdom. He said the industry had created some 52,000 jobs and generated over 300 call centres in 2011.
  
It was also an opportunity for the manager to present AMDI  to Spanish operators offering the new area Tetouanshore which opened this year, as well as the potential of the Kingdom in this area, including geographical proximity and its skilled labour, stressed MAP.
  
In addition, El Atiaoui noted that Morocco has put in place a platform for 10 years and  become the world leader in offshoring services ITO (Information Technology Outsourcing) and process outsourcing transverse and vertical (BPO) , recalling in this regard that the Kingdom had been named "best offshoring destination for the year 2012" by the European Association of offshoring (EOA) and "best destination for France and Spain" in 2011 by the research firm Gartner. Distinctions that came as a reward for the tremendous progress that the Kingdom has made in the field of offshoring and making Morocco one of the most promising countries for this activity, as evidenced by the presence in the country of several  international companies world with extensive experience in the field.
 
It should  also be noted, that the attraction of Kingdom’s offshoring is based on the combination of eight features, including geographical and cultural proximity compared to Europe, competitive labour costs an increasing number of qualified human resources, major telecommunications and electricity infrastructure, the political and economic stability, continuous improvement of the system of personal data and access to local and regional markets experiencing rapid growth.



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The Moroccan Agency for Investment Development

The Moroccan Agency for Investment Development (MIDA) and business intelligence firm Oxford Business Group (OBG) renewed their partnership for the preparation of the 9th edition of the macroeconomic "The Report: Morocco 2013".

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"Morocco, 1st offshore destination Francophone Africa and is in the top 30 most popular destinations," Ahmed Fassi Fihri. (Photo: lesoir-echos.com)
This report offers investors a complete analysis, sector by sector, the latest developments in the business climate in Morocco, a statement of OBG arrived Tuesday at the MAP, noting that both parties will work closely together to provide an analysis depth of the economic environment in Morocco.

Among the main topics to be discussed in "The Report: Morocco 2013" include in particular the growth of the business sector offshoring and aeronautics, renewable energies, the dynamics of the education sector private higher mining and rural development.

The statement further notes that Morocco is committed to a policy aimed at improving the investment climate and modernizing the legislative, regulatory and institutional frameworks that regulate economic activity in the country.

In a statement quoted by the press release, the director of OBG Morocco, Miranda Stobbs, noted that "in light of Morocco's efforts to diversify the sources of foreign investment and boost growth in non-traditional sectors, including the rural areas of South and East of the country, the publication of The Report: Morocco 2013 is very timely. "

Miranda Stobbs added that collaboration between OBG and AMDI "ensures robust analysis and supported by discussions with key decision makers and stakeholders."

For his part, the director of the investment AMDI Ahmed Fassi Fihri, said that "Morocco is the first offshore destination Francophone Africa and is in the top 30 most popular destinations for Offshore" indicating that this sector currently employs 46,000 people.

The business intelligence firm Oxford Busines Group covers Morocco and studied for nine years. Since 2003, OBG works with many partners including AMDI and publishes an annual study of the economic trends of Morocco.

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