Morocco to build $420M, 990MW gas power plant in northern region

Morocco's state utility, ONEE, plans to construct a 990-megawatt gas-fired power plant, costing $420 million, as confirmed by the AMMC. The project will receive 20% of its funding from ONEE, with the balance financed through loans from Attijariwafa Bank and Bank of Africa, alongside investments from FT Nord Energy and FT Flexenergy. Set to feature two open-cycle gas turbines, the plant will use diesel for emergencies and be located at Alwahda, near a gas-import pipeline from Spain. This initiative is part of Morocco's broader strategy to diversify its energy sources, including a significant push for renewable energy to make up 52% of its capacity by 2030.