EDF starts work on Koudia Al Baida wind farm renovation
EDF Renewables is preparing to launch, alongside the Moroccan sustainable energy agency Masen, the Koudia Al Baida wind farm repowering project, near Tangiers.
The ONEE has still not signed the power purchase agreements needed to launch the vast solar power park that EDF Renouvelables has been hired to build for Morocco's sustainable energy agency Masen. Several executives of the French group in charge of the file recently left the firm.
Chinese construction giant Sinohydro, which won the contract for the extension of Rabat-Salé Airport in 2019 with a bid well below that of the leading Moroccan construction companies, is a long way behind with work on the contract and could even abandon it.
Finance Minister Mohamed Benchaâboun has secretly instructed his favourite investment banks, Upline Corporate Finance and Attijari Corporate Finance, to structure the €4bn Mohammed VI Investment Fund which aims to revive Morocco's economy in the wake of the Covid-19 pandemic.