African Development Bank Lends Morocco $800 Million for Energy

The African Development Bank has granted Morocco $800 million in loans to support renewable energy programs, the organization said in an e-mailed statement today.

The funds will help Morocco develop a concentrated solar power plant in the town of Ouarzazate, the Tunisia-based bank said.

To contact the reporter on this story: Jihen Laghmari in Tunisia via the Cairo newsroom at jlaghmari@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden in Dubai at barden@bloomberg.net

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