“Meridiam,” an investment fund specialized in public infrastructure, intends to finance a major project of renewable electricity in Morocco, said development director and head of the African pole at Meridiam, Julien Touati.
This project, which aims to enhance Morocco’s energy independence and which is one of four priority projects identified in Africa, will be financed by a pan-African fund to be managed by Meridiam, said Touati in an interview published on Wednesday on the website of French weekly “L’Usine Nouvelle,” noting that the African continent is included in the strategic vision of the Fund.
He said Meridiam has already identified various potential partners, including the Solar Energy Agency (MASEN) and the National Water and Electricity Utility (ONEE), noting that the kingdom is “one of the most stable places in Africa.”