EBRD CONTRIBUTES TO FUNDING RURAL ELECTRIFICATION

Morocco's flag

The European Bank for Reconstruction and Development (EBRD) is supporting the Kingdom of

’s drive to provide electricity access to all its citizens through a €60 million sovereign loan to the Office National de l’Electricité et de l’Eau Potable (ONEE).

The loan will finance part of the final phase of the Programme d’Electrification Rurale Global (PERG) and the implementation of a smart metering pilot study.

From its launch in 1996 to the end of 2012, the PERG brought electricity to almost 2 million rural households, increasing the Moroccan rural electrification rate to 98.06 per cent.

The EBRD’s investment will provide electricity access to 1,234 remote villages and is very important for the final phase of the national rural electrification programme. The EBRD loan will also finance a pilot smart grid programme to prepare for the deployment of smart metering and decentralised renewable energy generation.

Source: ebrd.com

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