France Backs Moroccan Energy Sector Development

France signed April 22 three new agreements to help strengthen the energy sector in Morocco, Agence Maghreb Arabe Presse reports. The agreements involve various French and Moroccan agencies and more than USD60 million worth of funding.

Under the first deal, France will provide 521,000 euros (USD670,000) for the development of a new Moroccan city that will promote low-energy consumption. A separate 900,000 euros will also be given as grant by the French Fund for the World Environment to support Morocco’s effort to make the country’s real estate and building industry more energy-efficient.

The second agreement aims to improve France and Morocco’s bilateral cooperation in clean technologies and renewable energy. It also seeks to raise awareness about climate change and sustainable development.

The third deal is between the French Development Agency, or AFD, and Morocco’s state-owned electric utility. Under the agreement, AFD will provide 45 million euros to support the fifth phase of the country’s rural electrification program, which targets 449 villages in eight provinces.

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  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.