Mitsui advances €112 million to Moroccan Safi Electricity Company

Mitsui advances €112 million to Moroccan Safi Electricity Company

The credit should enable the Kingdom’s second-largest power plant to increase its working capital and meet its commitments.

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            ▪ Mitsui advances €112 million to Moroccan Safi Electricity Company

▪ The credit should enable the Kingdom’s second-largest power plant to increase its working capital and meet its commitments.

https://www.jeuneafriquebusinessplus.com/en/807699/mitsui-advances-e112-million-to-moroccan-safi-electricity-company/

26/04/2021 at 17h37, by Jeune Afrique Business+

The diversified Japanese holding company Mitsui & Co. has decided to approve the payment of 1.2 billion dirhams (€112 million) to its Moroccan subsidiary, Safi Electricity Company (Safiec), the 1 386 MW coal-fired power plant based in Safi, 320 km southwest of the capital, Rabat.

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