11 Jul ACWA Power moving forward with Khalladi project in Morocco
Dubai’s ACWA Power has confirmed final orders to suppliers and contractors for the construction of its wind power project in the North of Morocco.
ACWA Power Khalladi (previously known as UPC Renewables) is 75% owned by ACWA Power and 25% owned by the ARIF Investment Fund.
The 120MW Jbel Sendouq – Khalladi project is the first to be developed by ACWA Power and ARIF under the Moroccan Renewable Energy Law.
“This new wind energy project reinforces our positioning as a major player in the country’s renewable energy sector,” said Rajit Nanda, chief investment officer for ACWA Power. “Our investment in Morocco is for the long run and with our partner ARIF we will be contributing even further to the transformation of the energy sector Morocco is undergoing in alignment with its national strategy.”
Once the Khalladi project is operational, it will directly supply the industrial clients connected to the high voltage network. It will create approximately 300 workers during its construction peak period.
Abdellatif Nasserdine, managing director of Infra Invest stated: “We are proud to achieve a major milestone toward the completion of the project thanks to the strong commitment of our partner ACWA Power and to the joint efforts of all the project stakeholders.”
The project has been under construction since November 2015 and represents a global investment of US$462.8 million. It will result in greenhouse gas reductions of over 200,000 tonnes of CO2 per year once operational.
This project has confirmed the commitment of ACWA Power and ARIF to the Moroccan National Renewable Energy Strategy/Wind Power plan aiming for 2,000MW of wind power capacity by 2020.