On April 24, 2015, the World Bank Board of Directors will decide on the Morocco Clean and Efficient Energy Project. The project involves a total of $158 million, of which $125 million is provided by the World Bank. Here are the highlights of the project.
PROJECT DEVELOPMENT OBJECTIVES (PDO)
The Project’s PDO is to improve the capacity of ONEE to supply and dispatch clean electricity and to meet the demand of targeted customers efficiently in the Project Area.
Component 1 – Support to ONEE’s Solar PV Program US$124.67 ( US$94.45 million from IBRD, US$23.95 million from CTF and US$6.27 million from ONEE)
PDO Level Results Indicators
The PDO level results indicators are:
- (i) Generation Capacity of Renewable Energy (other than hydropower) constructed (Megawatt) – (Core)
- (ii) Generation capacity of renewable energy constructed – solar (MW) (Core)
- (iii) Renewable Energy dispatch system installed and operational (Yes/No)
Please find more information on the project website: http://www.worldbank.org/projects/P143689?lang=en. This is also where the Project Information Document can be found, and where, after expected Board approval, the Project Appraisal Document will be posted.