Abu Dhabi’s TAQA seals $1.4 bln financing for Morocco plant

taqaAbu Dhabi National Energy Co , the state-owned firm which recently bought some of BP’s North Sea assets, sealed a $1.4 billion financing for the expansion of its power plant in Morocco.

Jorf Lasfar is the largest coal-fired power plant in the Middle East and North Africa and the first independent power producer (IPP) in Morocco, supplying 40 per cent of the Kingdom’s electricity output, TAQA said in a statement

The financing is the largest in over a decade for an international project in Morocco…read more

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