RABAT, Dec. 11 (Xinhua) -- The African Development Bank (AfDB) said on Wednesday that it would lend Morocco 270 million U.S. dollars for electricity infrastructure projects.

The loan will help increase rural electrification, improve the transit capacity of interconnected grid, and ensure safety and efficiency of power supply, the AfDB said in a statement.

"This is a strategic program for Morocco, and an operation of prime importance for the Bank," said Mohamed El Azizi, AfDB General Manager for the North Africa Region.

"Developing an electricity transmission network that will be more reliable will enable Morocco to meet energy demand, which has increased by 5 percent over the last decade," he added.

The statement said the bank had financed 18 investment programs in the Moroccan energy sector with a total worth of more than 1.65 billion dollars. Enditem

Related

Go to Forum >>0 Comment(s)