EIB MOROCCO
October 1st, 2002
BY ALAN OSBORN
MOROCCO has been granted a loan of Euro 120 million, (about GBPounds 73 million), by the European Investment Bank, to help extend its electricity connections with Spain and Algeria. The project is part of an ambitious exchange of electrical power between Europe and north Africa, designed to help boost the liberalisation of the electrical energy markets in the EU's African neighbours.
MOROCCO has been granted a loan of Euro 120 million, (about GBPounds 73 million), by the European Investment Bank, to help extend its electricity connections with Spain and Algeria. The project is part of an ambitious exchange of electrical power between Europe and north Africa, designed to help boost the liberalisation of the electrical energy markets in the EU's African neighbours.
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