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September 28, 2013

Morocco eyes 10 bln euro investments in power sector

Photovoltaic Micro-plants by Isofoton (Morocco) Photo credit: Wikipedia - Isofoton.es

RABAT, Sep 25 – Morocco will invest 10 billion euros ($13.5 billion) over the next four years to boost power generation and meet rising demand, with renewables providing nearly half of the increase, newspapers reported Wednesday.


With no significant oil or gas reserves, Morocco is aiming to become a world class producer of green energy, notably with vast solar power projects in its southern desert region.




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