From Reuters

Morocco has secured a 654 million euro loan from German state-owned bank KFW to part-finance two solar power plants totalling 300 megawatts worth an estimated 1.7 billion euros, banking sources said on Wednesday.

Tenders for construction of the two plants, one of 200 megawatts (MW) and the other of 100 MW, near the southern city of Ouarzazate are expected in the next weeks, Mustapha Bakoury, the head of Morocco’s solar energy agency Masen, said on Wednesday at the Desertec industrial initiative (Dii) Conference held outside Rabat.

Masen said consortia led by Spain’s Abengoa, GDF’s International Power and ACWA Power had been pre-selected for the 200 MW (Noor II) tender.

The three groups are also pre-qualified for the 100 MW (Noor III) tender, along with another consortium led by France’s EDF .

The authority has chosen parabolic mirror technology for the 200 MW concentrated solar plant with a contract estimated at 1 billion euros, while the 100 MW plant, expected to reach 700 million euros, will be built as a solar power tower.

-Written By Aziz El Yaakoubi

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