Safi power station

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The Safi power station is a 1,386-megawatt (MW) coal-fired power station under construction in Cap Ghir Safi, Morocco.

Location

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Background

GDF Suez (now Engie) and Nareva won the US$2.68 billion tender to build and operate the plant in 2010, and Mitsui joined the venture in 2013, and became the Safi Energy Company. In September 2013, L’Electricité et de l’Eau Potable and Safi Energy Company entered into a 30-year "Power Purchase Agreement" for the Safi coal-fired power project. The project includes the construction and operation of a 2 × 693 MW ultra-supercritical coal-fired power plant in the coastal Safi region and the sale of electricity to Morocco's national utility ONEE for 30 years following completion of the plant.[1]

The project cost is estimated at US$2.6 billion. Safi Energy secured the financing in 2014, including US$900 million from the Bank of Japan, $500 million from Moroccan banks Attijariwafa Bank and BMCE Bank, and $485 million from international banks from France and Britain. The plant is expected to be completed in 2018. The plant will be constructed by Daewoo Engineering & Construction of South Korea.[2]

Construction began in 2015 and is being carried out by Daewoo Engineering & Construction, with O&M provided by Safi Energy Company. The total investment is US$2.6 billion.[3]

In February 2018, it was reported that plant contractor Daewoo Engineering and Construction was expected to face losses of up to US$400 million in the US$1.8 billion project, as the heating facilities of the plant broke during test operations under construction.[4]

Project Details

  • Sponsor: Safi Energy Company
  • Parent company: Engie (35%), Nareva Holding (35%), Mitsui (30%)
  • Location: Cap Ghir Safi, Morocco
  • Coordinates: 32.1491154, -9.2822943 (exact)
  • Status: Construction
  • Capacity: 1,386 MW (Units 1-2: 693 MW)
  • Type: Ultra-supercritical
  • Start date: 2018
  • Coal Type:
  • Coal Source:
  • Source of financing: Bank of Japan, Attijariwafa Bank, BMCE Bank, international banks from France and Britain

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