Morocco presents wind-generated electricity project for Clean development mechanism
Morocco will present at the 10th conference of parties to the UN framework Convention on climatic Changes, which opened Monday in Buenos Aires, a wind-generated electricity project in the southern Atlantic city of Essaouira, eligible for the Clean Development Mechanism.
The conference, "COP10" marking the 10th anniversary of the Convention, will look into implementation modalities of the Kyoto protocol, slated to enter into force on February 16.
The Moroccan delegation will present the Kingdom's first project to be eligible to the mechanism. The Essaouira wind-generated electricity plant, worth 82.5 million Euros, has a production capacity of 60Megawatts. Under the mechanism, the project will receive around 10 million Euros in financial support.
Over 25 projects were identified in Morocco as eligible for the Mechanism financial assistance over the ten coming years and will receive a dozen of billion Dirhams.
