RMA Capital International changes chairman
The resignation of the Moroccan company's chairman Zouheir Bensaid in February has prompted its owner, RMA, to replace him in a number of positions he held in its top management.
The French company, which belongs to the Mulliez family empire, is to build the two biggest photovoltaic power plants in the Noor PV II programme which renewable energy agency Masen has been battling to get under way.
A 30MW photovoltaic power plant that will soon supply the northern city is the work of Philip Jenkins, an American friend of Mohamed el-Alaoui, King Mohammed VI's chamberlain. But the project's technical, legal and financial aspects were handled by Emirati firm AMEA Power.
Having already bought a 90% stake in the project from its original developer Cose banada's Windiga, UAE-based AMEA Power has awarded the construction of this 26.6MW solar power plant to China's Sinohydro, which has taken over from France's Bouygues.
Shortly before becoming prime minister, Aziz Akhannouch launched a major wind power project in Dakhla, Western Sahara. To create this 200MW wind farm, his company Green of Africa, co-owned with the banker Othman Benjelloun, has embarked on an ambitious project with Belgian-Dutch company Windvision.
The 400-MW solar farm project, backed by the Masen sustainable energy agency, is at the heart of a muted row between the agency and the energy ministry. The situation will have to be resolved quickly by the new prime minister Aziz Akhannouch, who is himself involved via his company Green of Africa.
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.
After the costly concentrated solar power station in Ouarzazate, which led to a legal investigation into CEO Mustapha Bakkoury, the Masen solar power agency has moved onto photovoltaic solar panels. But candidates for Noor PV II are not convinced.
Renewable energy agency Masen, which plans to use private investment to develop a number of PV power stations, is having to deal with ill will on the part of national electricity utility ONEE at a time when its chairman Mustapha Bakkoury is out of favour politically.