Morocco Plans $420 Million, 990MW Gas Power Plant Near Alwahda

Morocco's water and electricity utility (ONEE) has announced plans to construct a 990-megawatt gas-fired power plant at the Alwahda site in northern Morocco, with a budget of $420 million. The project will be financed with 20% from ONEE and 80% through loans from Attijariwafa Bank and Bank of Africa, alongside funding from two securitization funds. This plant will consist of two open-cycle gas turbines and is part of Morocco's strategy to diversify its energy mix and complement its renewable energy goals, aiming for 52% of installed capacity by 2030. Additionally, a natural gas terminal is planned at the Nador West Med port, connected to the same pipeline used for gas imports from Spain. Currently, Morocco's total energy production capacity stands at 11,918 MW, primarily from coal. These developments reflect Morocco's ongoing efforts to enhance its energy infrastructure while advancing its renewable initiatives.