Dubai, UAE: His Majesty King Mohammed VI of Morocco chaired the ground breaking ceremony of the NOOR Ouarzazate IV plant. The program is the first phase of Photo Voltaic Power (PV) generation plants of the NOOR Solar Plan.
The ground breaking ceremony of NOOR Ouarzazate IV plant, with a generating capacity of 72 MW, follows the agreement that was signed in November 2016 at COP22 at Marrakech by a consortium led by the leading water and power developer, ACWA Power, to develop and operate the plant. The total cost of NOOR PV I project is US $ 220 million.
ACWA Power was selected through an international tender and will, in collaboration with the Moroccan Agency for Sustainable Energy (Masen) and the Chint Group, be responsible for the development, construction and long term operation of Ouarzazate plant under a BOOT (Build, Operate, Own and Transfer) scheme. The levelized electricity tariff of USD 4.797¢/kWh (MAD 0.46/kWh) at which the contract has been awarded is one of the most competitive tariffs compared to the lowest contracted anywhere else in the world taking into account equalizing factors such as terms of contract and location and country specific factors. A consortium of Sterling & Wilson, Shapoorji Pallonji and Chint Solar will undertake the delivery of the facilities under a Delivery, Procurement and Construction contract, on behalf of the sponsors.