World Bank Group and Morocco Partner to Unlock the Power of Next-Generation Hydropower
Morocco, July 1 -- The World Bank Board of Directors today approved $265 million to support the Ifahsa Pumped Hydropower Storage Project in Morocco, a major clean energy infrastructure investment in northern Morocco and one of the most significant of its kind on the African continent.The project will strengthen the reliability and resilience of Morocco's electricity system by providing flexible storage capacity to support the integration of higher levels of renewable energy generation and will provide Moroccan electricity consumers - including households and businesses - with a more reliable, cleaner supply of electricity.Located near Chefchaouen, the project will serve as a giant rechargeable battery for the national electricity grid. Duri...
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