Morocco: A €420 Million Project for a 990 MW Gas Power Plant

Morocco is investing in a 990 MW gas power plant, backed by local and international financing, to achieve strategic and economic objectives.

Partagez:

Morocco is undertaking a major project with the construction of a 990-megawatt (MW) gas power plant, an investment estimated at €420 million. This initiative is part of a strategy to achieve energy independence while addressing the country’s growing demand for electricity. The Moroccan Capital Market Authority (AMMC) recently disclosed the financial details of the operation, which is built on a partnership structure involving several key players.

A robust financial structure

The project is supported by a 20% contribution from the National Office of Electricity and Drinking Water (ONEE), with 80% of the funds secured through structured loans and innovative financial instruments. Attijariwafa Bank and the African Development Bank (AfDB) are among the main lenders, complemented by two securitization funds: FT Nord Energy and FT Flexenergy. This arrangement diversifies funding sources and optimizes costs.

Supply based on existing infrastructure

The plant, primarily powered by natural gas imported via a pipeline from Spain, reflects a strategy to leverage existing infrastructure. In case of supply disruptions, diesel will serve as a backup fuel. This dual supply strategy aims to ensure energy resilience in a region marked by geopolitical tensions.

A strategic regional positioning

Since the end of the gas agreement with Algeria in 2021, Morocco has intensified its efforts to diversify its energy supply. This project is part of a series of initiatives designed to position the kingdom as a key regional energy player. At the same time, investments in renewable energy continue to grow but are not yet sufficient to meet all the needs of the electricity grid. This gas plant thus stands out as a pragmatic solution to stabilize supply.

  • Populaires ​
Europe accelerates gas storage filling despite declining reserves
Emeren Group signs definitive merger agreement to go private
Eni, BP and TotalEnergies partially evacuate Iraq; Lukoil maintains operations
Russia ready to deliver liquefied natural gas to Mexico
Orano challenges Niger’s decision to nationalize mining company SOMAÏR
Europe extends gas storage obligations until 2027
The European Union extends gas storage regulations by two years, requiring member states to maintain a minimum fill rate of 90% to ensure energy security and economic stability amid market uncertainties.
Chevron and Energy Transfer Expand Their LNG Agreement at Lake Charles
Energy Transfer strengthens its partnership with Chevron by increasing their liquefied natural gas supply agreement by 50% from the upcoming Lake Charles LNG export terminal, strategically aiming for long-term supply security.
Woodside completes sale of 40% stake in Louisiana LNG project to Stonepeak
Woodside finalises the divestment of a 40% stake in the Louisiana LNG project to Stonepeak, injecting $5.7 billion to accelerate developments and optimise financial returns ahead of first gas delivery scheduled in 2026.
Keranic takes over Royal Helium and fast-tracks Steveville plant restart
Keranic Industrial Gas seals a sixty-day exclusivity deal to buy Royal Helium’s key assets, raise CAD9.5mn ($7.0mn) and bring Alberta’s Steveville plant back online in under fifteen weeks.
Fusion Fuel: Al Shola Gas secures AED4.4 mn ($1.2 mn) in contracts
The Irish-Portuguese company Fusion Fuel strengthens its footprint in the United Arab Emirates as subsidiary Al Shola Gas adds AED4.4 mn ($1.2 mn) in new engineering contracts, consolidating an already robust 2025 order book.
Cheniere Energy Approves Expansion of Corpus Christi LNG Terminal for 2029
Cheniere Energy validates major investment to expand Corpus Christi terminal, adding two liquefaction units to increase its liquefied natural gas export capacity by 2029, responding to recent international agreements.
LNG industry could reduce emissions by 60%, according to IEA
A study by the International Energy Agency reveals that global emissions from liquefied natural gas could be significantly reduced using current technologies.
Seoul freezes electricity rates amid LNG supply risk concerns
South Korea abandons plans to lower electricity rates this summer, fearing disruptions in liquefied natural gas supply due to escalating geopolitical tensions in the Middle East, despite recent declines in fuel import costs.
Israel resumes gas exports to Egypt and Jordan
Israel has partially resumed its natural gas exports to Egypt and Jordan following a week-long halt due to the closure of two major offshore gas fields, Leviathan and Karish.
Nepal Identifies Major Methane Reserve Estimated at 112 Billion m³
Nepal reveals a significant potential reserve of methane in the west of the country, following exploratory drilling conducted with technical support from China, opening new economic prospects.
Petronas and JOGMEC Sign Strategic Agreement around LNG Canada Project
Petronas formalizes a memorandum with JOGMEC to secure Japanese LNG deliveries, including a first cargo from LNG Canada scheduled for July at Toho Gas.
Serbia negotiates gas deal with Gazprom at competitive European price
Belgrade is currently finalising a new gas contract with Russia, promising Europe's lowest tariff, according to Srbijagas General Director Dusan Bajatovic, despite Europe's aim to eliminate Russian imports by 2027.
TotalEnergies and QatarEnergy secure strategic exploration licence in Algeria
TotalEnergies and QatarEnergy have won the Ahara exploration licence, marking a new stage in their partnership with SONATRACH on a vast area located between Berkine and Illizi.
TotalEnergies plans to restart its Mozambique gas project by summer 2025
After four years of interruption due to regional insecurity, TotalEnergies announces the upcoming resumption of its liquefied natural gas project in Mozambique, representing a $20bn investment.
TotalEnergies strengthens Malaysian foothold with new offshore blocks
The French group has acquired from PETRONAS stakes in several licences covering more than 100,000 km² off Malaysia and Indonesia, consolidating its Asian presence and its exposure to the liquefied natural gas market.
Egypt secures 290 LNG shipments to meet summer demand
In response to rising summer electricity consumption, Egypt signs import agreements covering 290 shipments of liquefied natural gas, involving major international firms, with financial terms adjusted to the country’s economic constraints.
Egypt: fertilizer companies halted after suspension of Israeli gas
Egyptian fertilizer producers suspended their activities due to reduced imports of Israeli gas, following recent production halts at Israel's Leviathan and Karish gas fields after Israeli strikes in Iran.
Emissions expected to surge in Texas with 130 gas plant projects
A report identifies 130 gas power plant projects in Texas that could raise emissions to 115 million tonnes per year, despite analysts forecasting limited short-term realisation.
JERA plans 30% US LNG share in its portfolio by 2035
Japanese giant JERA will significantly increase its reliance on US liquefied natural gas through major new contracts, reaching 30% of its supplies within roughly ten years.
U.S. LNG Exports Drive Natural Gas Prices Higher
Sustained growth in U.S. liquefied natural gas exports is leading to significant price increases projected for 2025 and 2026, as supply struggles to keep pace with steadily rising demand, according to recent forecasts.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS