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Morocco: Platinum stakeholders consider Brookstone recapitalisation

The dispute over the management of Moroccan renewables developer Platinum Power has shifted into a new phase. A 21 March decision by the Casablanca Commercial Court allowing the company to continue trading means that it is now up to a wide group of stakeholders to chart a route out of its difficulties. Chief among these are the company’s creditors, but they also include the shareholders, judicial authorities and even the government.Platinum is developing the Tayaboui and Gao hydro projects in Côte d’Ivoire and the Makay hydro plant in Cameroon.

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