Engie to Sell Stake in Morocco’s Largest Coal Plant by 2027, Shifting to Renewables

27 April 2024 – bySaid@Bladi · 1 min read

The French energy giant Engie has announced its intention to sell its stake in the Safi (SAFIEC) coal-fired power plant, the largest in Morocco. This divestment, planned by 2027, is part of the group’s strategy to focus on renewable energy and energy infrastructure.

"We are determined to exit coal by 2027," said Loïc Jaegert-Huber, Engie’s North Africa director, on the sidelines of a Franco-Moroccan business forum in Rabat. "We have already received expressions of interest from potential buyers" for the SAFIEC plant, he adde

Category: Economy

Keywords:

Energy Dakhla Safi Tarfaya Nareva Holding