Two Hydropower Plants Authorized In Morocco

Renewable Energy is a big thing in Morocco Renewable Energy is a big thing in Morocco

In parallel to the "Photovoltaica" congress of renewable energies in Marrakech, Voltalia (Euronext Paris, ISIN code: FR0011995588) announces it has obtained permits for two hydropower plants of 9.8 MW and 7.2 MW in Morocco.

Delivered by the Moroccan Ministry for Energy, the permits relate to two hydropower plants projects of 9.8 MW and 7.2 MW, located in the Middle-Atlas region.

These permits follow positive technical approvals delivered by the National Bureau for Electricity and Drinking Water regarding the connexion of the plants to the national grid. The concerned Water Basin Agencies have also given a greenlight, taking into account the quality of the projects presented by Voltalia. The electricity produced will be sold under long-term private PPAs, which are currently under negotiation with corporate clients.

"These permits come as a recognition of the extensive work done over the past three years by our Moroccan team", declares Sébastien Clerc, CEO of Voltalia. "They confirm Voltalia's capacity to position itself as a first class partner for the electricity provision of its clients, at a competitive price" adds Yoni Ammar, CEO of Voltalia Morocco.

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