Morocco plans to build a 990-megawatt gas-fired power plant at a cost of 4.15 billion dirhams, or about $420 million, according to the Moroccan Capital Market Authority.
In two documents published recently, the authority stated that Morocco’s National Office for Electricity and Drinking Water will finance 20% of the project, while the remaining 80% will come from loans from Attijariwafa Bank, Morocco’s largest bank, as well as from Bank of Africa and the FT Nord Energy and FT Flex Energy funds.
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She added that the station will use diesel fuel in case of an emergency.
The terminal will be built at the “Al-Wahda” site in northern Morocco, near the pipeline that the country has been using since 2023 to import natural gas from Spanish ports.
Morocco is looking to use natural gas to diversify its energy mix and is moving forward with its renewable energy plan, which aims to increase the share of renewable energy in total installed capacity to 52% by 2030, up from the current 45%.
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In addition, Morocco plans to build a natural gas terminal at the “Nador West Mediterranean” port in the northeast of the country and connect it to the same pipeline.
Morocco's total installed power generation capacity reached 11,918 megawatts in 2024, with coal accounting for the majority of that capacity.