China National News (IANS) Friday 26th July, 2013
A Chinese firm is all set to build a 318-megawatt coal-fired plant in the African nation of Morocco.
According to Morocco's state power utility ONEE, the plant, for which a deal has been signed by Chinese firm -- Sepco III, is to be built in Jerada city, near the Algerian border, a former coal mines hub closed in 2001. Its operation will start by 2016-end, Xinhua reported.
The new plant is part of the master plan to cope with the rapid growth in electricity demand in this African nation which is around 10 per cent annually.
The total project cost of more than $360 million will be funded primarily by the Chinese Exim Bank, an official statement said.
It also said that the choice of the Sepco III was made in view of the economic competitiveness of its supply and its technical and environmental technology that it would implement to construct the plant.
Source: http://www.chinanationalnews.com/index.php/sid/216075732/scat/9366300fc9319e9b
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