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Engie signs deal with Morocco's Nareva to expand in Africa

Engie signs deal with Morocco's Nareva to expand in Africa

Paris: French energy firm Engie has signed a memorandum of understanding with Moroccan independent electricity company Nareva Holding to develop new projects in north and west Africa, it said in a statement on Friday.

Engie said the firms were targeting power generation and energy services projects Egypt, Ivory Coast, Senegal, Ghana and Cameroon, with the objective of building a portfolio of assets of about 5,000 megawatts (MW) to 6,000 MW between 2020 and 2025.

Both companies are partners in Morocco's 300 MW Tarfaya wind farm, the largest in Africa.


Source: Reuters

 

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