VOL. XLVI

No 14

07-April-2003

MOROCCO

AFD Grants Moroccan Power Utility 50Mn Loan

The French Development Agency (AFD) has granted the state-owned Moroccan power utility ONE a 50mn loan to help finance a project to double the Euro-Mediterranean power grids interconnection and reinforce the 400kW network in central and eastern Morocco. The tenure of the loan is 20 years, including a six-year grace period. Other financing for the project, which is expected to become operational between the end of...