The aim of this new project is to meet the fast-growing demand for electricity in Morocco improve system reliability and reduce losses. This will help to ensure the availability and accessibility of the cheapest energy possible and reduce the country’s energy dependence through the diversification of energy sources and the promotion of energy efficiency.
This loan is compatible with the EIB’s priority area of supporting secure, sustainable energy in the Mediterranean. Since 2002 the EIB has provided US$1.1 billion in Morocco for energy development and climate action.