Investment in renewable energy: MAD 30 billion to modernize the power grid
Energy Transition and Sustainable Development Minister Leila Benali announced that nearly 30 billion dirhams (MMDH) will be invested in the national electricity transmission network between 2024 and 2030. This project does not take into account the project of a 3 GW high-voltage connection between the south and center of the Kingdom, which will strengthen the national energy infrastructure.
As part of the promotion of renewable energies, the private sector will for the first time be able to invest in the electricity grid if necessary, said the minister, thereby paving the way for increased cooperation between the public and private sectors. These efforts aim to strengthen the efficiency and competitiveness of the energy sector.
She also recalled that several renewable energy projects have been launched with a capacity of 2,000 MW, representing a total investment of 19 billion dirhams and creating more than 300 direct jobs. This dynamic is part of the government’s desire to reduce energy costs and strengthen the country’s energy independence.
Benali also welcomed the reforms implemented, such as the acceleration of project processing times and the digitalization of procedures, which allow for better transparency and a reduction in decision-making times. These changes allowed 42 investment decisions to be made in less than 30 days, creating a favorable environment for renewable energy investors.
M.Ba.
