TAQA Morocco and Morocco's National Office for Electricity and Drinking Water (MNOEDW) have extended the Power Purchase Agreement of the Jorf Lasfar Units 1- 4 for 17 years from 2027 to 2044.
TAQA Morocco, an Abu Dhabi-owned publicly listed company on the Casablanca Stock Exchange, signed the agreement with MNOEDW on 24 January, reported Dubai state news agency WAM.
The Jorf Lasfar thermal power plant totals an overall capacity of 2,056 MW, helping to meet more than 40% of Morocco’s electricity needs.
Bringing together these contracts will continue to allow TAQA Morocco to further support Morocco’s growing economy through the reliable and secure supply of electricity.
"We are proud to be a reliable and strategic partner to the Moroccan government. Our investment in Morocco further underscores our commitment to investing in and deploying best-in-class solutions across our business," said Saeed Mubarak Al Hajeri, chairman of Abu Dhabi National Energy Company - TAQA.