Morocco on ambitious power drive
GOVERNMENTBy BiztechAfrica - March 22, 2012, 11:10 a.m.
New analysis from Frost & Sullivan finds that Morocco has embarked on a very ambitious electricity generation capacity-build programme, in order to raise installed capacity from 6,350 MW in 2010 to 14,500 MW by 2020, as electricity consumption is expected to almost double in the corresponding period.
The report says robust growth in electricity demand has underlined the need for a significant expansion in future generation, and transmission capacity in Morocco. This is creating considerable investment opportunities for private sector participation. Surging demand, and a strong need to reduce dependency from expensive coal and oil imports, have motivated the recent development of the renewable energy sector.
The Moroccan electricity market has been growing steadily at nearly 6-8% annually in the last ten years, following vigorous economic development and the implementation of a very successful rural electrification programme. This trend is expected to continue at about 5-7% for the next ten years, following GDP growth forecasts of 5.5%.
Frost & Sullivan says Investments will reach an estimated MAD 138 billion in new generation infrastructure (2012-2020) and MAD 21.3 billion in network expansion (2011-2015). Renewable energy should account for 18% of power generation by 2012 and 42% by 2020.
"In an attempt to develop all energy resources available in the country, and to reduce its dependence on imported coal, the Moroccan government has decided to launch an ambitious wind and solar power programme," notes Frost & Sullivan's Energy and Power Systems Research Analyst Celine Paton. "This renewable energy programme aims to build 4,000 MW of additional capacity by 2020."
Ambitious new investment projects, particularly new generation facilities using clean coal and renewable energies, are poised to help Morocco meet its rising electricity demand over the next decade.
"Regional integration with neighbouring countries (Spain and the Maghreb) will also further secure power supply within the country, fulfilling Morocco's aspiration to become the power crossroads between Africa and Europe," concludes Paton. "Furthermore, the upcoming law on the restructuring of the sector (separating generation, transmission and distribution activities, and establishing an independent regulatory body), and the progressive sector's liberalisation, should enhance transparency and promote further private sector participation."
MORE GOVERNMENT NEWS
Airtel Malawi licence renewedMacra has approved Airtel Malawi’s application to renew its operating licence. Read More
WAAPP embraces tech for agricultureThe West Africa Agricultural Productivity Programme (WAAPP) in Nigeria has embraced the Electronic Technology Transfer (ETT) for agriculture. Read More
ITU: deep sense of loss over Nelson MandelaNelson Mandela, champion of downtrodden, wished to bridge digital divide, says the ITU in its tribute to the late statesman. Read More
BIH sets up clean tech centre of excellenceThe Botswana Innovation Hub has opened a Clean Tech Centre of Excellence to innovate in sustainable and environmentally sound solutions. Read More
Tributes stream in for Nelson MandelaFormer South African statesman and ‘father of the nation’ Nelson Rolihlahla Mandela has died at the age of 95. Read More
Govt, Lagos, telcos strike dealThe Federal Ministry of Communications Technology has ended the stand-off between the Lagos State government and the telcos, acting under the aegis of ALTON. Read More
Nigeria launches local content guidelinesNigeria’s Minister of Communication Technology has unveiled new local content guidelines for the Nigerian ICT sector. Read More
East Africa moves towards single currencyLeaders meeting at the 15th Ordinary Summit of the East African Community Heads of State in Kampala, Uganda, have moved a step closer to a single currency for the EAC. Read More
Malawi govt wary of digital migration deadlineThe Government of Malawi has said it is wary of fulfilling its plans to migrate to digital by December 31. Read More
FEATURED STORYGaming app introduces investors to trading
A new virtual stock market app is equipping would-be investors with the skills they need to trade.
BEST READ NEWS
IN DEPTHCorporate cyber security threats of the year
91% of organisations polled suffered a cyber-attack at least once in the past year, says Kaspersky Lab in its security review of 2013.
COMPANY NEWSSamsung, 49M embark on consumer educational drive
Samsung Electronics South Africa has announced a national consumer education campaign in support of the 49M initiative, offering practical actions to save energy in daily life.MTN launches new positioning campaign for enterprise market
MTN Group today unveiled a new Pan-African brand positioning media campaign for MTN Business, its enterprise business unit.