Morocco's renewable energy sector boosted by three international agreements
Morocco, Economics, 12/30/2004
The renewable energy sector in Morocco has been boosted by the signature, Wednesday in Marrakech, of a three-party cooperation agreement between Morocco and Italy, on the one hand, and Morocco and the United Nations Environment Program (UNEP), and the United Nations Development Program (UNDP), on the other.
The Agreements aims at developing the Moroccan market of the solar-water heaters (Promasol), through two mechanisms of financing for the promotion of the Moroccan market of renewable energies.
The first agreement relates to cooperation between the Italian Ministry of the Environment and the Territory and the Moroccan Center for the Development of Renewable Energies (CDER), that will benefit from a one million dollars Italian contribution.
The second agreement that sets up the framework of cooperation with the Italian Ministry of the Environment and the Territory as well as with the PNUE and the UNDP is related to the use of renewable energies in the hotel sector.
Speaking at the signing ceremony, Moroccan Minister of Energy and Mines, Mohammed Boutaleb, underlined the importance of this technology for the development of partnerships, in particular within the framework of the Mediterranean Program of Renewable Energies.
Solar water heaters in Morocco rose from 20,738 in 1998 to 111,332 in 2004, CDER said adding that the development of this sector will have a positive impact on industry as it will create more than 1,000 jobs and bring some 1.2 billion Dirhams investments (about 130 million dollars).
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