In the coming year, Morocco and Portugal will launch special applications for an electric pipeline linking the two countries after the completion of technical studies and feasibility studies in the first months of next year.
In 2015, the countries agreed to plans to connect a thousand megawatts. The project, which is expected to start by 2030 and cost a total of 700 million euros, will be financed by European and African funds.
The announcement came on the sidelines of the 14th session of the Energy Conference, which was held on Monday in Skhirat and attended by Moroccan and Spanish government officials, headed by Aziz Rabah, Minister of Energy and Minerals, and Joao Jalamba, the Portuguese Energy Minister.
This will be the second link to Morocco in Europe. The Kingdom has been linked to Spain with a 700 megawatt electric cable since 1997.
According to statements made by the Portuguese official, this link will benefit the two countries together, pointing out that Portugal will be issued initially more than Morocco, but after years will get the opposite.
This new project will be about 250 kilometers long and the project will be designed to encourage the development of renewable energy in the two countries, where Morocco has made remarkable progress with its diverse investments in solar and wind energy in various cities.
Through this project, Morocco seeks to strengthen regional energy partnership to secure its national market, particularly in a volatile global context. This will enhance the country's ability to negotiate in order to optimize markets.
In addition to securing their needs, the Kingdom is betting on reducing the cost of energy that weighs heavily on the state budget by relying more on clean energy, encouraging the private sector to move energy and gradually shift to the use of renewable energies.
The share of renewable energy is about 35 per cent of the total electricity package in Morocco, which has a capacity of about 2,970 megawatts. Morocco also aims to strengthen links with sub-Saharan countries, as well as Mauritania.
Morocco is also developing a local industry in various stages of the value chain for renewable energy and capacity building to target national and regional markets by introducing training institutes in the professions of renewable energies and energy efficiency in Oujda, Tangier and Ouarzazate
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