Taqa Morocco, the Casablanca-listed subsidiary of Abu Dhabi state energy firm Taqa, on 13 September announced that it had raised MAD6.6bn ($650mn) with the partial aim of advancing its “strategy to develop a diversified low-carbon energy portfolio of 1,000MW of additional capacity by 2030 and water desalination”.
Taqa Morocco’s key current asset is the 2.05GW coal-fired Jorf Lasfar power plant south of Casablanca, the country’s largest. Taqa’s schizophrenic Morocco strategy reflects the country’s overall powergen mix with the country the Mena leader in both coal (39% of installed capacity) and renewables (35%: MEES, 4 August). (CONTINUED - 191 WORDS)