Morocco: Taqa finalises Jorf Lasfar financing

Abu Dhabi National Energy Company (Taqa) said on 28 January it had signed final agreements marking the close of the $1.4bn project financing for the expansion of the Jorf Lasfar Electricity Company (JLEL) power plant (AE 234/8). JLEL is already the largest coal-fired power plant in the Middle East and North Africa and the first independent power producer in Morocco, supplying 40% of the kingdom’s electricity output.