Tuesday , July 27 2021

AfDB and Masen launches "Desert Power" initiative



The aim of this partnership is to support African countries in the Sahel region, which are targeted by "Desert Power", especially in the development of renewable energy technologies.

African Development Bank Group President (AfDB.org), Akinwumi Adesina and Masen Chairman (Masen.ma) (Moroccan Agency for Sustainable EnergyOn November 7, 2016, Mustapha Bakkoury signed a letter of intent confirming the new cooperation under the "Desert Power" program. It was the first day of the Africa Investment Forum (AfricaInvestmentForum.com) in Johannesburg, South Africa.

The aim of this partnership is to support the development of renewable energy technologies that are best suited to the natural conditions and needs of the African countries, especially in the Sahel region targeted by the koşullar Power in the Desert Bu. specific energy.

The aim is to combine the expertise of Masen in the development of renewable energy projects, in particular know-how sharing, capacity building and operational experience of the African Development Bank. experience in renewable energies, technical assistance, project development and mobilization of necessary resources.

"Morocco is an example of renewable energy," said Akinwumi Adesina, president of the African Development Bank. Bit When I visited the Noor Ouarzazate complex (bit.ly/2qwvLo5), where the bank invested heavily, it was how much Moroccan capabilities affected me. Africa's scope is proof that it can achieve great things internationally. He added: "For this reason, we wanted to support Morocco in the initiative of the" Power in the Desert "we developed in Sahel. It is a strategic partnership that combines leadership and technical expertise. Together, we will accelerate efforts to strengthen Africa."

For Mustapha Bakkoury, the chairman of Masen, tı We aim to make renewable energies a reality in order to share the experience that Masen has developed and launched a competitive development dynamic for renewable energies on the African continent. speak container growth drive container growth drive. This partnership with the African Development Bank is a definite asset to realize this passion.

Together we will accelerate efforts to electrify Africa

The sign of the importance of this new agreement was presented by the Minister of Economy and Finance of Morocco, Mohamed Benchaaboun, and the General Confederation of Moroccan Enterprises (CGEM) President Salaheddine Mezouar. In addition, Abdelmajid Mellouki, the Bank's manager in Morocco, Mohamed El Azizi, the Director General of North Africa, and Leïla Mokaddem, the country's director of Morocco.

Emphasizing how the cooperation between the Bank and the Bank reflects South-South cooperation, Mohamed Benchaaboun said ir Our expertise should be able to shine on the continent arasındaki.

A very important partnership Salaheddine Mezouar lived in: Sal Today African Development Bank is an example. And as Africans, we can only be proud of him. "

This partnership for the Bank is a concrete expression of the desire to further strengthen the excellent cooperation with Morocco. Renewable energy generation projects (solar, wind and hydroelectricity), with commitments exceeding $ 1 billion, make up approximately 80% of the Bank's energy portfolio. Kingdom & # 39; ta.

The African Development Bank made the main financial contribution to the Noor Ouarzazat I (160 MW) Noor Ouarzazate solar complex (bit.ly/2vaVXHA), which contributed about 30% of the total investment cost. The Agency also contributes to the financing of Noor Ouarzazate II (200 MW) and Noor Ouarzazate III (150 MW).

Morocco has an ambitious goal to increase the share of renewable energies in the energy mix to 52% by 2030. The Kingdom plans to share its renewable energy development model with Africa to help accelerate. In the context of sustainable and inclusive growth, the transition to energy is concerned with the scope of the 5 "Desert Power", in particular in cooperation with African countries in the field of renewable energies.

In a broader sense, this operation contributes to the realization of the New Energy Energy in Africa (bit.ly/2AREyGZ), which aims to establish a total production capacity of 10 GW, especially from renewable energy sources. 2025.

The signing ceremony took place on the first day of the first African Investment Forum (AIF), an African Development Bank initiative aimed at accelerating the implementation of development projects in Africa. It includes catalysts and the private sector in Africa. This will reduce the risks associated with brokerage fees as well as large-scale investments and follow-up to completion. This leading investment market in Africa will take place in South Africa until November 9, 2018 in Johannesburg.


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