Reports that Moroccan Agency for Sustainable Energy (Masen) head Mustapha Bakkoury has fallen from grace and is under investigation for alleged management abuses have underlined the perception that the kingdom’s ambitious renewable energy (RE) programme is in trouble, confronted by delays, cost over-runs and high prices for electricity generated by the agency’s ground-breaking Noor Ouarzazate scheme.
Issue 436 - 15 April 2021
Morocco
Renewables, Power, Governance
What’s not to like for investors in President Abdel Fattah El Sisi’s Egypt? The government’s International Monetary Fund-supported reform programme has greatly improved macroeconomic conditions; Egypt was a rare economy that reported some growth in Covid-plagued 2020, despite a huge downturn in tourism and other key revenue-earners. Its commitment to accelerating infrastructure development has sucked funds into global-scale solar and wind power programmes.
Issue 436 - 15 April 2021
Egypt
Politics, Gas, Renewables, Power, Governance
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