An agreement between the International Finance Corporation (IFC) and the Ministry of Energy Transition of Morocco for the sustainable development of natural gas.

An agreement binds IFC and the Ministry of Energy Transition of Morocco.

Rabat - The International Finance Corporation (IFC) and the Ministry of Energy Transition and Sustainable Development of Morocco have signed a partnership agreement aimed at developing sustainable gas infrastructure in the country.

A partnership for energy transition.

Leila Benali, Minister of Energy Transition and Sustainable Development, and Sergio Pimenta, Vice President of IFC, officially sealed this agreement during a ceremony in Rabat.

Consolidation of the national roadmap for natural gas.

The main objective of this agreement is to consolidate the national roadmap for natural gas in Morocco. It aims to establish a robust strategy for the country's energy transition.

A public-private partnership to support the energy transition.

In addition to consolidating the roadmap, this agreement will also help structure a sustainable public-private partnership (PPP). This PPP will play a crucial role in supporting Morocco in its energy transition by 2023.

Expertise of IFC in private partner selection.

Selon un communiqué du ministère, l’IFC apportera son expertise et son soutien dans la régulation du domaine gazier. L’objectif est de sélectionner les meilleurs partenaires privés pour développer, financer et exploiter l’infrastructure gazière.

Building a gas market incorporating the best international practices.

Leila Benali, Minister of Energy Transition, emphasized the importance of leveraging the capital and expertise of the private sector. The objective is to build a natural gas market that incorporates the best international practices.

Accelerating the carbon neutrality objective.

Sergio Pimenta, Vice President of IFC, expressed confidence in this partnership. He highlighted that it would accelerate the achievement of Morocco's carbon neutrality goal. The essential infrastructure established through this partnership will contribute to the country's ecological transition.

A previous collaboration between IFC and Morocco.

It is worth noting that IFC has previously collaborated with the Kingdom of Morocco in 2005. This collaboration specifically focused on the first public-private partnership irrigation project in Taroudant, in the field of agriculture.

A significant advancement for the natural gas sector in Morocco.

This agreement between IFC and the Ministry of Energy Transition represents a significant advancement in the natural gas sector in Morocco. It will promote the development of a sustainable gas infrastructure, strengthen public-private cooperation, and contribute to the country's environmental objectives.

This strategic partnership between IFC and the Ministry of Energy Transition reflects Morocco's commitment to sustainable energy solutions. It represents a significant milestone in the country's energy transition by promoting the development of natural gas and enhancing public-private cooperation.Read More