Power

Jorf Lasfar Energy Company (JLEC) delivers half of Morocco's electricity demand with a power generation capacity of 2,056 MW.

Jorf Lasfar Energy Company, TAQA’s Moroccan subsidiary, is the operator of the largest power station in Morocco, currently satisfying approximately 50 per cent of the country’s electricity demand. Jorf Lasfar is the main supplier of ONEE (Office National de l’Electricité et de l’Eau Potable).

In June 2014, TAQA completed the expansion of the Jorf Lasfar power station, increasing its capacity from 1,356 to 2,056 MW.

The project began in 2009 with the signing of a protocol agreement for the expansion by TAQA and Morocco’s state utility company, the Office National de l’Electricité et de l’Eau Potable (ONEE) in the presence of His Highness General Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and His Highness King Mohammed VI of Morocco.

In December 2013 TAQA launched an initial public offering (IPO) for 9.47 per cent share of Jorf Lasfar on the Casablanca Stock Exchange and offered a further 4.74 per cent of JLEC through private placement to key Moroccan institutional investors. The private placement was completed successfully by some of Morocco’s largest investors and the IPO was oversubscribed 6.69 times. TAQA retains 85.79 per cent of Jorf Lasfar.

For more information visit: www.taqamorocco.ma

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