<\/p>\n
The World Bank approved $265 million on Wednesday to support Morocco\u2019s Ifahsa pumped-storage hydropower project near Chefchaouen, a major clean-energy facility expected to become the largest of its kind in Africa.<\/p>\n
The 300-megawatt plant will help Morocco integrate at least 1 gigawatt of additional solar and wind capacity into the national grid, the World Bank said. One gigawatt can supply electricity to roughly one million homes, depending on consumption levels.<\/p>\n
The project is also expected to attract about $1 billion in private investment.<\/p>\n
<\/p>\n
Pumped-storage hydropower uses surplus electricity generated by wind and solar installations to pump water into a higher reservoir. When electricity demand rises, the water is released through turbines to generate power, helping stabilise the grid when renewable production falls or consumption peaks.<\/p>\n
The project is expected to create about 820 direct jobs annually during implementation, while the expansion of renewable capacity could support further employment across Morocco\u2019s energy sector.<\/p>\n
Morocco already operates the 465-megawatt Afourer pumped-storage plant, which entered service in 2004, as well as several hydroelectric dams. The Ifahsa facility, however, is specifically designed to store surplus renewable electricity and release it when demand is highest.<\/p>\n
The project will be implemented by Morocco\u2019s National Office of Electricity and Drinking Water, or ONEE, with financing from the World Bank, the African Development Bank and the Clean Technology Fund.<\/p>\n
\u201cThe Ifahsa project exemplifies the kind of transformative partnerships we strive to build,\u201d said Ahmadou Moustapha Ndiaye, the World Bank\u2019s division director for the Maghreb and Malta.<\/p>\n
He said the project would bring together multilateral institutions while delivering environmental, social and economic benefits.<\/p>\n<\/p><\/div>\n
Rephrase in a different way as if you were a native American speaker as a content creation expert and do not talk about yourself or your experience in the text and do not show yourself as an artificial intelligence who wrote and fill the bullet point in the topic and speak the heart of the topic itself and dont take date of blog in ther first and dont take text like box of newsliter subscribe on post from content and romove all linke insert in content and and remove all affiliate disclosure phrases on content like this “This post may contain Amazon or other affiliate links that allow us to earn a small commission at no extra cost to you. Please see our Disclosure Policy for more info” and “#” put in its place bullet point, and romove name of the web site or his links we are take a content from our new creation, and don’t publish clone new content more than just one time<\/p>\n","protected":false},"excerpt":{"rendered":"
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