VOL. XLIV

No 50

10-December-2001  

MOROCCO

Siemens Takes Stake In Private Tangier Power Project

Germany痴 Siemens announced on 28 November that it had signed a contract for the establishment of a project company to build a 384mw, $250mn combined cycle power plant in the northern province of Tangier. The German firm has acquired a 20% stake in the Tahadart Energy Company (capitalized at $62.5mn), with state-run Office National de l脱lectricite (ONE) holding 48% and Spain痴 Endesa...