The International Finance Corporation (IFC) will assist the Moroccan Ministry of Energy Transition & Sustainable Development accelerate Morocco’s energy transition plan through updating the national natural gas roadmap and structure a landmark public-private partnership (PPP). The agreement focuses on developing sustainable gas infrastructure, which will support the country’s energy transition towards its target of 52% of its installed electricity capacity from renewable energies by 2030. “This project fits perfectly with our sustainable development and energy transition strategies, and is essential for strengthening our energy security. We want to benefit from the capital and know-how of the private sector to build a gas market that incorporates international best practices. Ultimately, this modern, sustainable gas infrastructure will also be the backbone of the future hydrogen economy,” Minister of Energy Transition and Sustainable Development, Leila Benali, was quoted in a statement by the department as saying.

Source: The North Africa Journal June 13, 2023 06:33 UTC