France awards $35 million to Moroccan Electrification Program
The French Development Agency (AFD) recently awarded the Moroccan electricity utility (ONE) a 400 million dirham ($34.7 million) loan to co-finance the third phase of the Rural Electrification General Program (PERG), stated MAP.
The loan will finance the distribution of electricity to approximately 500 villages and benefiting some 43,000 households. The MD 3.8 billion project aims to supply electricity to 320,000 households in 5,150 villages by 2006.
PERG was launched in 1996 with the original objective of connecting 1000 villages to the distribution network annually at an annual cost of one billion dirhams. This has since been increased to 1,500 villages per annum. In 1999, 1,650 villages were electrified under PERG program. — (menareport.com)
© 2002 Mena Report (www.menareport.com)