MoU signed for capacity building and R&D
India’s NTPC Ltd and Moroccan Agency for Sustainable Energy (Masen) have signed an MOU for cooperation in the renewable energy sector and opportunities in other African countries.
It is also to support services for capacity building, share experience, know-how and expertise in the areas of mutual interest, especially in the field of Research and Development.
The MoU was during the 17th CII EXIM conclave on India-Africa growth partnership held in New Delhi from 19-20 July 2022.
The conclave witnessed huge participation from several African countries and deliberations were held to promote investment and collaboration between Indian and African companies in various sectors in Africa.
Created in 2010, Masen is the group in charge of piloting renewable energy in Morocco. Through its projects, Masen contributes to the national objective of achieving +52% of renewable energy in the Moroccan electricity mix by 2030.
At the end of 2021, it had 4,109 MW plants in operation in wind, hydro and solar segements.
The Masen Group places at the heart of its strategy the development of renewable resources, to create an inexhaustible force of economic, social and environmental development for Morocco and beyond. fiinews.com
