Morocco builds $2.6bn coal-fired power plant

Morocco has started construction of a new coal-fired power plant, the largest of the country when completed, in the costal city of Safi, local media reported on Thursday.
The plant, with an expected total cost of 2.6 billion U.S. dollars and an aggregate capacity of 1,386 MW, will cover about one quarter of the North African country's electricity demand by the year 2018, the official MAP news agency reported.
The project, managed by a consortium of GDF SUEZ S.A. of France, Nareva Holding of Morocco, and Mitsui & Co., Ltd. of Japan, will be built by South Korea's Daewoo Engineering & Construction Company.
Construction is expected to take 46 months, the report said.