(3 Minutes Read)
The singing partners included the Ministry of Industry and Commerce, the Ministry of Energy Transition and Sustainable Development, the Ministry of Investment, Convergence and Evaluation of Public Policies, the National Office of Electricity and Drinking Water (ONEE) and the Moroccan Agency for Investment and Export Development (AMDIE)
Nexans signed recently two Memorandums of Understanding (MoU) in collaboration with the Moroccan government for the creation of a third medium-voltage power cable plant. These agreements cover an investment project up to 2026 valued at 100 million euros in total.
The singing partners included the Ministry of Industry and Commerce, the Ministry of Energy Transition and Sustainable Development, the Ministry of Investment, Convergence and Evaluation of Public Policies, the National Office of Electricity and Drinking Water (ONEE) and the Moroccan Agency for Investment and Export Development (AMDIE).
The third project, which is already underway in Mohammedia and Casablanca, intends to further underline Nexans’ dedication to the energy transformation in Morocco and across Africa.
In addition, it will facilitate the supply of cables in Africa and generate over 200 direct jobs, uniting the Group’s standards of excellence in the areas of cutting-edge innovation and 4.0 digitization for sustainable energy resources.
Read Also:
https://trendsnafrica.com/rebuild-morocco-usd-1-3-billion-for-resilient-green-cities/
This project will place Morocco at the forefront of the deployment of renewable energy infrastructure in the area and on the continent. The ultimate goal of these initiatives is to strengthen the industrial ecosystem that is connected to the sector in the years to come. Morocco and Nexans are working together to promote the growth of the renewable energy value chain in the Kingdom and to further refine the regional industrial fabric.
