News : Business : Morocco seeks to make energy sweeter

Morocco seeks to make energy sweeter

Tuesday, 27-Nov-2007 12:40PM EDT
Story from United Press International. Copyright 2007 by United Press International (via ClariNet)

RABAT, Morocco, Nov. 27 (UPI) -- Government officials in Morocco said they planned to introduce legislation to encourage foreign investment in the country's renewable energy sector.

Moroccan Energy Minister Amina Benkhadra said the ministry was working on a bill that would promote renewable energy by creating a favorable investment climate, the online publication Morocco Today reported.

"Coherent legislation that supports the development of the flourishing renewable energy markets and also recognizes the importance of the private sector has been put into action," Benkhadra said.

Benkhadra said Morocco's renewable energy potential from wind power reached 6,000 megawatts a day. Another 5 kilowatts per day could be produced from solar energy, she said.

The government's Cabinet has approved the legislation, which must be passed into law by the Parliament, Med Basin Newsline reported.

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