MA-Ouarzazate Concentrated Solar Power

Abstract*

The development objective of the Ouarzazate Concentrated Solar Power Project for Morocco is to support the Borrower (the Moroccan Solar Agency MASEN) in the development of the 500 Megawatt Ouarzazate solar power plant by financing the first phase (160 Megawatt gross) through a public private partnership (PPP), to increase power generation from solar power and mitigate greenhouse gas emissions and local environment impact. There are two components... Show More

Development Objective

The development objective of the Project is to support the Borrower (the Moroccan Solar Agency MASEN) in the development of the 500Megawatt Ouarzazate solar power plant by financing the first phase (160 Megawatt gross) through a public private partnership (PPP),to increase power generation from solar power and mitigate greenhouse gas emissions and local environment impact

Key Details

Project Details

Project ID
P122028
Status
Closed
Team Leader
Manaf Touati , Moez Cherif
Borrower 2
MASEN

Country
Morocco
Disclosure Date
September 14, 2010
Approval Date
(as of board presentation)
November 17, 2011
Effective Date
June 12, 2013

Total Project Cost 1
US$ 1438.00 million
Implementing Agency
MASEN
Region
Middle East and North Africa
Fiscal Year 3
2012

Commitment Amount
US$ 964.00 million
Environmental Category
A
Last Update Date
October 18, 2022
Closing Date
June 30, 2017

Last Stage Reached
BANK APPROVED

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Environment and Natural Resource Management

FY17 - Climate change100%
- FY17 - Mitigation100%

FY17 - Private Sector Development

FY17 - Public Private Partnerships10%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
African Development Bank	236.00
FRANCE: French Agency for Development	136.00
Borrower/Recipient	474.00
EC: European Investment Bank	156.00
International Bank for Reconstruction and Development	200.00
GERMANY: KREDITANSTALT FUR WIEDERAUFBAU (KFW)	136.00
Clean Technology Fund	100.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	200.00
IDA Commitment	N/A
IBRD + IDA Commitment	200.00

Lending Instrument
Grant Amount	764.00
Total Project Cost**	1438.00

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

No data available.

Detailed Financial Activity as of February 28, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Nov 17, 2011	TF-10916	Loan Commitment	97,000,000.00
Jan 10, 2014	IBRD-80880	Int Charges	2,612.81
Nov 17, 2011	IBRD-80880	Loan Commitment	160,000,000.00
May 5, 2015	IBRD-80880	Loan Cancel	39,900,000.00
May 5, 2015	IBRD-80880	Loan Cancel	123,084,400.00
Apr 13, 2015	IBRD-80880	Loan Repay	100,000.00
Apr 13, 2015	IBRD-80880	Int Charges	447.89
Apr 13, 2015	IBRD-80880	Loan Repay	291,861.10
Apr 13, 2015	IBRD-80880	Int Charges	1,186.66
Apr 13, 2015	IBRD-80880	Int Charges	1,942.84
Jun 15, 2014	IBRD-80880	Int Charges	25.00
Jun 15, 2014	IBRD-80880	Int Charges	702.73
Jun 15, 2014	IBRD-80880	Int Charges	12.19
Jun 15, 2014	IBRD-80880	Int Charges	2,695.23
Dec 15, 2014	IBRD-80880	Int Charges	2,416.85
Dec 15, 2014	IBRD-80880	Int Charges	696.42
Jan 9, 2014	IBRD-80880	Int Charges	13.00
Jan 9, 2014	IBRD-80880	Int Charges	717.17
Jan 10, 2014	IBRD-80880	Int Charges	43.03
Nov 17, 2011	IBRD-80880	Loan Commitment	40,000,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Project Management	Highly Satisfactory	2017-06-30
Financial Management	Satisfactory	2017-06-30
Monitoring and Evaluation	Satisfactory	2017-06-30
Overall Implementation Progress (IP)	Satisfactory	2017-06-30
Counterpart Funding	Satisfactory	2017-06-30
Progress towards achievement of PDO	Highly Satisfactory	2017-06-30
Procurement	Satisfactory	2017-06-30

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 03-28-2018
Outcomes	Highly Satisfactory
Risk to Development Outcome
Bank Performance	Moderately Satisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 08-30-2018	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Highly Satisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Moderately Satisfactory	N/a
Borrower Performance		N/a
Government Performance	Highly Satisfactory	N/a
Implementing Agency	Satisfactory	N/a
Icr Quality	High	N/a
M&e Quality	Substantial	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Generation Capacity of Renewable Energy (other than hydropower) constructed Value 0.00 160.00 160.00
Date November 17, 2010 June 30, 2017 January 20, 2016
Comment
Direct project beneficiaries Value 0.00 310000.00 334800.00
Date January 1, 2011 June 30, 2017 January 20, 2016
Comment
Installed capacity of CSP power generation Value 0.00 160.00 160.00
Date November 17, 2010 June 30, 2017 January 20, 2016
Comment
Electricity production Value 0.00 370.00 400.00
Date November 17, 2010 June 30, 2017 January 20, 2016
Comment
Avoided local air pollution (NOx) Value 0.00 1000.00 1080.00
Date November 17, 2010 June 30, 2017 January 20, 2016
Comment
Avoided global GHG pollution Value 0.00 240000.00 260000.00
Date November 17, 2010 June 30, 2017 January 20, 2016
Comment
Generation Capacity of Renewable Energy constructed-Solar Value 0.00 160.00 160.00
Date November 17, 2010 June 30, 2017 January 20, 2016
Comment
Female beneficiaries Value 0.00 49.00 49.00
Date January 1, 2011 June 30, 2017 January 20, 2016
Comment
Avoided local air pollution (SOx) Value 0.00 4000.00 4200.00
Date November 17, 2010 June 30, 2017 January 20, 2016
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

PPP acceptable to the World Bank and co-financiers Value No Yes Yes
Date November 17, 2010 June 30, 2015 June 12, 2013
Comment
Transaction financial close Value No Yes Yes
Date November 17, 2010 June 30, 2015 June 12, 2013
Comment
Beginning construction of the plant Value No Yes Yes
Date November 17, 2010 June 30, 2015 June 13, 2013
Comment
Commissioning of the plant Value No Yes Yes
Date November 17, 2010 June 30, 2017 January 20, 2016
Comment
Private Capital Mobilized Value 0.00 120000000.00 168000000.00
Date November 17, 2010 June 30, 2017 December 30, 2016
Comment

Generation Capacity of Renewable Energy (other than hydropower) constructed	Value	0.00	160.00	160.00
	Date	November 17, 2010	June 30, 2017	January 20, 2016
	Comment

Direct project beneficiaries	Value	0.00	310000.00	334800.00
	Date	January 1, 2011	June 30, 2017	January 20, 2016
	Comment

Electricity production	Value	0.00	370.00	400.00
	Date	November 17, 2010	June 30, 2017	January 20, 2016
	Comment

Avoided local air pollution (NOx)	Value	0.00	1000.00	1080.00
	Date	November 17, 2010	June 30, 2017	January 20, 2016
	Comment

Avoided global GHG pollution	Value	0.00	240000.00	260000.00
	Date	November 17, 2010	June 30, 2017	January 20, 2016
	Comment

Female beneficiaries	Value	0.00	49.00	49.00
	Date	January 1, 2011	June 30, 2017	January 20, 2016
	Comment

Avoided local air pollution (SOx)	Value	0.00	4000.00	4200.00
	Date	November 17, 2010	June 30, 2017	January 20, 2016
	Comment

Transaction financial close	Value	No	Yes	Yes
	Date	November 17, 2010	June 30, 2015	June 12, 2013
	Comment

Beginning construction of the plant	Value	No	Yes	Yes
	Date	November 17, 2010	June 30, 2015	June 13, 2013
	Comment

Commissioning of the plant	Value	No	Yes	Yes
	Date	November 17, 2010	June 30, 2017	January 20, 2016
	Comment

Private Capital Mobilized	Value	0.00	120000000.00	168000000.00
	Date	November 17, 2010	June 30, 2017	December 30, 2016
	Comment