Morocco and the Nexans group signed two agreements on Thursday in Rabat aimed at establishing a third medium-voltage power cable plant in the Kingdom.
Signed by the Ministry of Industry and Trade, the Ministry of Energy Transition and Sustainable Development, the Ministry of Investment, Convergence and the Evaluation of Public Policies, the National Office of Electricity and Drinking Water (ONEE), and the Moroccan Investment and Export Development Agency (AMDIE), the agreements cover an investment project totaling 100 million euros (M€) by 2026.
This project aligns with the High Directions of King Mohammed VI, reinforcing Morocco’s commitment to energy transition within the Kingdom and across the African continent. It will create over 200 direct jobs, setting standards of excellence, particularly in 4.0 digitalization and cutting-edge innovation for sustainable energy resources and cable delivery in Africa.
The project further solidifies Morocco’s position as a regional and continental leader in deploying renewable energy infrastructure, bolstering the development of the renewable energy industry’s value chain.
Commenting on the occasion, the Minister of Industry and Trade, Ryad Mezzour, stated that “this 3rd Nexans plant in Morocco signifies the renewed confidence of renowned players in our industrial potential and assets. It also confirms the attractiveness and competitiveness of the Moroccan industrial platform.”
“This project also reflects a strong commitment to the sustainable electrification of the Kingdom, technological excellence, and the reinforcement of local industrial integration,” he added, “in accordance with the High Royal Orientations, which aim to usher in a new industrial era. This prioritizes the development of talent, upmarket growth, innovation, and the acceleration of a sustainable transition.”
Christopher Guérin, CEO of Nexans, expressed his appreciation for Morocco’s exemplary approach in enabling sustainable electrification for the benefit of all. He expressed delight in this new step, which reinforces his group’s presence in the Kingdom for over 75 years, alongside plants in Mohammedia and Casablanca.
He believes this project, involving both public and private players, will amalgamate ecological and human commitments from the outset, unlocking significant economic potential across the African continent.
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