ONEE - NOOR ATLAS (EIB-20160665)

Countries
  • Morocco
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
OFFICE NATIONAL DE L'ELECTRICITE ET DE L'EAU POTABLE
The holder of the loan, grant, or other investment.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 154.19 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 135 million
Converted using 2018-08-10 exchange rate.
Project Cost (USD)
$ 342.64 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 300 million
Converted using 2018-08-10 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Aug 21, 2018

Disclosed by Bank Aug 10, 2018


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Project Description
Le projet NOOR ATLAS a pour objectif la construction de jusqu'à huit centrales solaires photovoltaiques, à l'est et au sud du royaume du Maroc, totalisant une puissance installée de 200MW. L'opération est la seconde phase du «Programme Solaire Photovoltaique» mis en œuvre par l'Office national de l'électricité et de l'eau potable (ONEE) pour développer l'énergie solaire dans les territoires reculés au Maroc, conformément à l'objectif du pays d'augmenter la part de l'énergie renouvelable jusqu'à 52% en 2030 et conformément au «Plan solaire marocain» (MSP). Le projet est en cohérence avec le "Plan d'Action Maroc pour la mise en oeuvre du statut avancé (2013-2017)" de l'Union européenne (UE).

 



The NOOR ATLAS project aims to build up to eight solar photovoltaic plants in the east and south of the Kingdom of Morocco, with an installed capacity of 200MW. The operation is the second phase of the "Solar Photovoltaic Program" implemented by the National Office of Electricity and Potable Water (ONEE) to develop solar energy in remote areas in Morocco, in accordance with the country's goal of increasing the share of renewable energy up to 52% in 2030 and in accordance with the "Moroccan Solar Plan" (MSP). The project is consistent with the "Morocco Action Plan for the Implementation of the Advanced Status (2013-2017)" of the European Union (EU).
Investment Description
  • European Investment Bank (EIB)
Private Actors

Office National De L'electricite Et De L'eau Potable produces, transmits, and distributes electricity in Morocco. It produces energy through wind parks and hydroelectric power plants. The company was founded in 1963 and is based in Casablanca, Morocco. Office National De L'electricite Et De L'eau Potable operates as a subsidiary of Copropar SA.

Contact Information

*Contact information not provided at the time of disclosure*

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