Morocco - Sept 25

A $300 million loan was obtain from China Exim Bank by Morocco's state power utility Office National De L'Electricite Et De L'eau Potable to finance a 318 megawatt coal-fired plant. Morocco has been suffering recently from a huge energy production deficit due to increasing demand, growing annually around 8%. Due to the high production cost of electricity in the country, the government subsidizes electricity costs. This is also more indication of China's growing economic influence in North Africa. Source: The Moroccan Times