As stated on the project disclosure page, the proposed IFC investment consist of a EUR100m corporate debt facility to OCP SA, an existing client of IFC. The investment will support the second phase of OCP’s solar program through the development of two greenfield solar photovoltaic power plants with a combined installed capacity of 400 MWp, at the company’s Benguerir and Khourigba phosphate mine zones in central Morocco.
The PV plant at Benguerir will be developed in two stages within a 1000-ha site located 8 km east of the city of Benguerir in the communes of Ouled Hassoun Hamri and Jaafra, Rhamna province, Marrakech-Safi region. The first stage will consist of 30 MW and the second stage will be 271 MW with a 100 MWh Battery Energy Storage System. The 99 MW PV plant at Khourigba will be developed in a single stage within a 770-ha site, located 26 km to the southeast of the city of Khouribga, in the commune of Krifate, Fquih Ben Saleh province, Béni Mellal-Khenifra region.
Both sites have been dedicated for the development of future OCP solar plants. The first stage of the Benguerir plant will use existing grid connections; whereas the second stage will require a new substation and OTL to be constructed, the details of which will be confirmed at the feasibility stage of the project. The Khourigba plant will connect to an existing substation via a new 5 km, 60 kV OTL to be built as part of the project. The Benguerir site is directly accessible by the regional R206 road linking Benguerir to El Kelaa, which connects to the national N°9 road connecting Casablanca to Marrakech. Access roads will connect the Khourigba site to the national N11 road linking Khouribga to Fquih Ben Saleh.
Construction for the Benguerir stage one and Khourigba is expected to start in August 2024 and for Benguerir stage two in July 2025 and expected to take around 12 months.
As stated by the IFC, OCP SA, a state-owned enterprise, is a fully integrated phosphate fertilizer producer with operations at every stage from mining to processing to sales of phosphate products. The Company is the largest producer and exporter of phosphate rock and phosphoric acid globally. OCP’s shareholders are the Moroccan State and other minority shareholders with, respectively, 94.1% and 5.9% ownership.
As part of its sustainability strategy, OCP plans to become carbon neutral by 2040. The Company has increased the share of clean sources in its total energy consumption from 30 percent in 2017 to 47 percent in 2022. Within the electricity segment, OCP sourced 87 percent of its electricity from clean sources in 2022 (cogeneration – 76 percent; and wind – 11 percent), while 13 percent was supplied by ONEE via the national grid. OCP plans to source 100% of its electricity needs through wind, solar (including battery storage) and cogeneration by 2030.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|OCP Group||Client||Mining||invests in||JESA S.A.||Contractor||Infrastructure|
General IFC Inquiries - IFC Communications:
Address: 2121 Pennsylvania Avenue, NW, Washington DC 20433
Telephone: +1 202-473-3800
Fax: +1 202-974-4384
Client - OCP S.A.:
Hassan KADDOURI - CEO, OCP Green Energy
Phone: +212(0)522 22 20 25
Address: 2-4, rue Al Abtal, Hay Erraha, 20200, Casablanca, Maroc, 20000 MA
Local Access of Project Documentation:
OCP Green Energy, Lot 660, Hay Moulay Rachid, 43150, Benguerir - Maroc.
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