Saudi Group Wins $1B Contract For Morocco Solar Plant

Law360, New York (September 24, 2012, 5:10 PM EDT) -- Moroccan government officials said Monday that the country is awarding a $1 billion contract for a 160-megawatt solar power plant to a consortium of companies led by Saudi firm ACWA Power International, according to multiple media reports.

Mustapha Bakkoury, president of the Moroccan Solar Energy Agency, said in a news conference Monday that the Saudi-led group will be responsible for the construction, design, maintenance, operation and finance of the proposed concentrated solar plant, to be built near the city of Ouarzazate in southern Morocco.

The consortium...
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