Morocco launches major industrial projects
Morocco has launched on September 25 several projects in an industrial zone south of the capital, including a gas storage terminal and a power plant. The $12 million terminal for butane gas and liquid propane is operated by the Moroccan-French firm LASFAR GAZ. The three reservoirs of the facility, with a total capacity of 10,500 cubic meters (4,900 tons), will be supplied by pipeline from the neighboring harbor.
The projects in Jorf Lasfar, launched by King Mohammed VI, also included a large power plant containing four power-production units of 330 MW each, three of which have already been connected to the national network mains. The $1.5 billion plant, which employs 315 people, generates electricity for the state-owned Moroccan power company, ONE. It is operated by an
International consortium made up of Asea Brown Boveri and Consumers Michigan Services.
The king also launched the construction of a new industrial unit of SONASID that produces concrete steel-reinforcement bars and hot-rolled metal sections. The unit, covering 25 hectares inside the Jorf Lasfar industrial area, necessitated a $60 million investment. Production will start in 2002 and was expected to reach 300,000 tons year, generating 200 jobs and 2,000 indirect ones.
During the dedication ceremony, the Moroccan king, who turned 37 last August, called on the government to eliminate the country's bureaucratic hurdles for foreign investors. — (Albawaba-MEBG)
© 2000 Mena Report (www.menareport.com)