Morocco: Khalladi wind confirms contract orders
Issue 328
- 23 Jul 2016
| 1 minute read
Acwa Power Khalladi has confirmed final orders to suppliers and contractors for the construction of its 10MW wind power project near Tangier. Saudi-based Acwa Power said all conditions precedent for its landmark project financing had been satisfied. Acwa Power Khalladi (formerly known as UPC Renewables) is 75% owned by Acwa Power and 25% owned by the Arif Investment Fund, managed by Infra Invest. The Khalladi project will directly supply industrial clients connected to the high-voltage network. The MAD1.7bn ($173m) project began construction in November 2015.
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