Morocco's National Office of Electricity (ONE) has an ambitious plan to supply the countryside with electricity by 2010 (currently, only around 15% of the rural population has access to electricity).
Morocco plans to spend around $3.7 billion on energy projects through 2003, and part of this money will go towards building power plants and towards rural electrification.
As part of this plan, a new, $500-million, 350-400-MW combined-cycle power plant, to be fired by natural gas from the MEG pipeline, is planned.
The plant, Morocco's third independent power project (IPP), is to be built at Tahaddart, near Tangier in northern Morocco, with the first stage operational by 2002 and the second stage completed by 2004.
As of early 2000, three energy consortia reportedly were competing for the project: Germany's Siemens; General Electric; and a group led by ABB Alsthom.
The Globalization of Morocco's National Office of Electricity (ONE) starts from Senegal: ONE will sell one Kilowatt of electricity at 40 CFA francs for Senegal, while other tenders were offering a unit price of 60 CFA Francs. In June 2001, ONE and SENELEC signed a protocol of intent under which ONE will operate a 60 Megawatt electricity plant in Senegal. The plant will be operational six months following the signing of the final agreements.
In a press conference on the occasion, Senegalese President Abdoulaye Wade explained on that the electricity supply contract went to the Moroccan electricity office (ONE) because its offer was the cheapest one.