Nareva's First Green Electrons
14 February 2013
Read by 1959 persons
Nareva's first green electrons from its wind power strategy have been deployed. Even better, these are the first to be implemented under law 13-09, enacted in 2011, liberalizing the production and marketing of renewable energy in Morocco. Behind this achievement is Nareva Holding, a subsidiary of SNI. Launched in December 2011, the three wind farms located in Haouma, Akhfennir, and Foum El Oued have a total capacity of 200 MW. Akhfennir is 100 km north of Tarfaya; the Haouma site overlooks the port of Tangier Med, while Foum El Oued is adjacent to OCP facilities in the suburbs of Laayoune. The project is led by Energie Eolienne du Maroc (EEM), owned by Nareva (75%) and CIMR (25%). "Since January, turbines have already been operating in Haouma and Akhfennir," reveals Ahmed Nakkouch, CEO of Nareva Holding. However, full commissioning of the three sites will not be until June 2013. The total cost of the project is 3.2 billion DH.
Financing is provided by a mix of equity from the project company's shareholders and bank loans. Specifically, equity accounts for 800 million DH (75% Nareva and 25% CIMR) against 2.4 billion in bank debt. For this project, Nareva used only Moroccan banks, namely Attijariwafa bank, BCP, and BMCI, with the first two acting as lead arrangers. The local component of the project is more than 1.2 billion DH. "The three sites contribute 10% towards achieving the national objective of installing 2,000 MW of wind power by 2020 as part of the national energy strategy," explains Mohamed Sebti, director of the Energy Division. The project will reduce Morocco's energy dependence by approximately 3% (based on current consumption).
Another indicator: the park's production corresponds to the consumption of a city of 1 million inhabitants. However, the main contribution of the project is the experience gained with law 13-09. In fact, the electricity produced by the three sites is sold directly by Nareva to end customers. ONEE only handles transport, for a fee. The SNI subsidiary already counts among its customers Lafarge Maroc, Samir, OCP, Air Liquide, Sonasid, and many other large groups. Nareva's ambitions are even greater. Groundbreaking has already taken place on the Tarfaya project with a capacity of 300 MW (the largest wind farm in Africa). ONEE selected, in October 2010, the Nareva/GDF Suez consortium for the development of the Tarfaya project following an international tender. The project is located approximately 20 km south of the city of Tarfaya in the Tah region, along the national road (N1) connecting the city of Tarfaya to Laayoune. Tarfaya is the 4th public-private partnership (PPP) in the field of electricity production in Morocco after JLEC, EET, and CED. However, the chosen scheme is different from Nareva's other sites. For Tarfaya, electricity sales are governed by a power supply contract concluded with ONEE for a period of 20 years, on a "Build, Own, Operate and Transfer" (BOOT) basis. Concretely, this means that after 20 years the project will be owned by the Office. The construction of the Tarfaya power plant necessitated the creation of the project company Tarfaya Energy Company (Tarec), equally owned by Nareva and GDF Suez. The project cost is 5 billion DH, including 1 billion in equity. The debt portion is entirely financed by Moroccan banks. Civil engineering works were entrusted to the Moroccan company Somagec. The contract for the supply and commissioning of wind turbines and electrical work was concluded with the Siemens Wind Power and Siemens Maroc group. The first turbines will be delivered as early as September 2013. For its part, Delattre Levivier Maroc is responsible for the manufacture of the towers.
The project should create 500 direct and indirect jobs during the construction phase and more than 150 jobs during operation.
In terms of recruitment, Nareva has a particular strategy. "With equal skills, we favor the local candidate," specifies Nakkouch. The project contributes 15% to the achievement of the national objective. The environmental component is very important. In the long term, the Tarfaya site will reduce CO2 (greenhouse gas) emissions by 900 KT CO2/year. "These avoided emissions are equivalent to the amount of CO2 absorbed annually by 150 million trees," specifies Adil Khamis, Strategy & Development Director.
In Safi, Nareva is co-developing a coal-fired thermal power plant project with international partners. This project is in the financial structuring phase. It will require the equivalent of 22 billion DH.
Business Card
Created in 2005, Nareva Holding is a wholly-owned subsidiary of the SNI group. Its mission is to ensure the presence of Moroccan capital, in partnership with global leaders, in the energy and environment sectors. This structure of about thirty people currently operates in the field of electricity production from fossil or renewable sources and water cycle management (desalination, transport, distribution/irrigation...). With an average age of 38 years, the feminization rate of Nareva is 50%. The SNI subsidiary is currently in the development phase.
Ilham BOUMNADE.
Leconomiste.fr
Published February 13, 2013.
Posted online February 14, 2013.
Financing is provided by a mix of equity from the project company's shareholders and bank loans. Specifically, equity accounts for 800 million DH (75% Nareva and 25% CIMR) against 2.4 billion in bank debt. For this project, Nareva used only Moroccan banks, namely Attijariwafa bank, BCP, and BMCI, with the first two acting as lead arrangers. The local component of the project is more than 1.2 billion DH. "The three sites contribute 10% towards achieving the national objective of installing 2,000 MW of wind power by 2020 as part of the national energy strategy," explains Mohamed Sebti, director of the Energy Division. The project will reduce Morocco's energy dependence by approximately 3% (based on current consumption).
Another indicator: the park's production corresponds to the consumption of a city of 1 million inhabitants. However, the main contribution of the project is the experience gained with law 13-09. In fact, the electricity produced by the three sites is sold directly by Nareva to end customers. ONEE only handles transport, for a fee. The SNI subsidiary already counts among its customers Lafarge Maroc, Samir, OCP, Air Liquide, Sonasid, and many other large groups. Nareva's ambitions are even greater. Groundbreaking has already taken place on the Tarfaya project with a capacity of 300 MW (the largest wind farm in Africa). ONEE selected, in October 2010, the Nareva/GDF Suez consortium for the development of the Tarfaya project following an international tender. The project is located approximately 20 km south of the city of Tarfaya in the Tah region, along the national road (N1) connecting the city of Tarfaya to Laayoune. Tarfaya is the 4th public-private partnership (PPP) in the field of electricity production in Morocco after JLEC, EET, and CED. However, the chosen scheme is different from Nareva's other sites. For Tarfaya, electricity sales are governed by a power supply contract concluded with ONEE for a period of 20 years, on a "Build, Own, Operate and Transfer" (BOOT) basis. Concretely, this means that after 20 years the project will be owned by the Office. The construction of the Tarfaya power plant necessitated the creation of the project company Tarfaya Energy Company (Tarec), equally owned by Nareva and GDF Suez. The project cost is 5 billion DH, including 1 billion in equity. The debt portion is entirely financed by Moroccan banks. Civil engineering works were entrusted to the Moroccan company Somagec. The contract for the supply and commissioning of wind turbines and electrical work was concluded with the Siemens Wind Power and Siemens Maroc group. The first turbines will be delivered as early as September 2013. For its part, Delattre Levivier Maroc is responsible for the manufacture of the towers.
The project should create 500 direct and indirect jobs during the construction phase and more than 150 jobs during operation.
In terms of recruitment, Nareva has a particular strategy. "With equal skills, we favor the local candidate," specifies Nakkouch. The project contributes 15% to the achievement of the national objective. The environmental component is very important. In the long term, the Tarfaya site will reduce CO2 (greenhouse gas) emissions by 900 KT CO2/year. "These avoided emissions are equivalent to the amount of CO2 absorbed annually by 150 million trees," specifies Adil Khamis, Strategy & Development Director.
In Safi, Nareva is co-developing a coal-fired thermal power plant project with international partners. This project is in the financial structuring phase. It will require the equivalent of 22 billion DH.
Business Card
Created in 2005, Nareva Holding is a wholly-owned subsidiary of the SNI group. Its mission is to ensure the presence of Moroccan capital, in partnership with global leaders, in the energy and environment sectors. This structure of about thirty people currently operates in the field of electricity production from fossil or renewable sources and water cycle management (desalination, transport, distribution/irrigation...). With an average age of 38 years, the feminization rate of Nareva is 50%. The SNI subsidiary is currently in the development phase.
Ilham BOUMNADE.
Leconomiste.fr
Published February 13, 2013.
Posted online February 14, 2013.
