A Local Culinary Adventure: inspired by Halifax's Seaport Market | SaltWire #cooking #cookingtipsMARRAKECH, - Morocco's state-owned phosphates and fertiliser producer OCP said on Tuesday it had signed an agreement with the International Finance Corporation , the World Bank's investment arm, on a 100 million-euro loan to build two solar plants to increase production of low-carbon fertilizers.
The two photovoltaic plants will be located in the mining areas of Khouribga and Benguerir with a combined capacity of 400 megawatts and a storage capacity of up to 100 megawatt-hours, OCP said in a statement. This green loan is the second offered by the IFC to OCP within a year after a similar 100 million-euro loan last April to build four plants with a combined capacity of 202 megawatts in the same mining areas.
Last year, OCP announced an investment plan worth 130 billion dirhams to fully rely on renewable energies for its fertiliser production by 2027. In June, OCP told Reuters it plans to invest $7 billion in an ammonia plant using green hydrogen, produced from renewable fuel.
Source: Loan News Today (loannewstoday.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Morocco Pushes to Lose Junk Credit Rating, Finance Minister Signals - BNN BloombergMorocco is lobbying to regain an investment-grade credit score from S&P Global Ratings, vowing to keep its budget deficit in check despite massive new spending commitments stemming from a deadly earthquake and its co-hosting of the 2030 soccer World Cup.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
What to Watch as IMF and World Bank Hold Meetings in Morocco - BNN BloombergThe annual meetings of the International Monetary Fund and World Bank kick off this week against a backdrop of escalating global conflict and debt distress.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
US Treasury's Yellen pledges support for Morocco's quake recovery effortsExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »
Irish Government Lays Out Plan to Create $100 Billion Fund - BNN BloombergIreland set out plans to transform one of Europe’s rare budget surpluses into a sovereign fund expected to grow to around €100 billion ($106 billion) over the next 12 years to protect the economy from future downturns.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Morocco welcomes the annual meeting of the IMF and World Bank a month after its deadly earthquakeMARRAKECH, Morocco (AP) — Less than a two-hour drive from where families sleep in tents and earthquake rubble remain in piles, the world's most powerful...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
ECB Steps Up Scrutiny of Banks’ Commercial Real Estate Loans - BNN BloombergThe European Central Bank has asked property valuers to explain the methodologies they use, as concerns grow that banks in the region have been too slow to mark down the value of commercial real estate loans on their books.
Source: BNNBloomberg - 🏆 83. / 50 Read more »