Kingdom of Morocco’s groundbreaking renewables & mining policies’ reforms to be showcased by 
H.E. Dr. Abdelkader AMARA, Minister of Energy, Mines, Water and Environment, at the 2016 Energy & Mines London Summit – Jan 28th-29th, London.
Energy and Mines is delighted to announce H.E. Dr. Abdelkader Amara, Minister of Energy, Mining, Water and Environment, as a key speaker of the 2016 Energy and Mines London Summit, which is a timely and strategic opportunity for mining and renewable energy leaders to network and discuss innovative energy solutions for global mining operations.
As a mining world leader, mainly for the phosphate industry, The Kingdom has adopted strategic transformations of its energy model, taking into consideration the characteristics and singularities of its energy sector and resource endowment, with regard to its high energy dependency on fossils fuel and on imports.
Today, the kingdom has already taken an important leap thanks to the implemented structural reforms, with the increase of power installed share from renewable energy (wind, solar that moved from 2% in 2009 up to more 12% in 2015. By 2020 the power installed share from Renewable Energy, including hydro will rich over 42% and is expected to go to 52% by 2030 by 2030. In fact, Morocco’s energy dependency on imports has known a noticeable decrease as it went from 97,5% in 2008 to 94,6% in 2014 and is expected to reach 82% by 2030.
Moreover, in the context of reducing carbon emissions and increasing the energy-efficiency, the kingdom launched an ambitious LNG roadmap in December 2014 that will require a total investment of $4.6 billion – mainly for LNG storage, regasification & transport infrastructures, and additional power generation capacities of 2.400 MW by 2025 – in the PPA framework, with an estimated annual demand of 5 Bcm.
Furthermore, current energy costs pressures are at the top concern of most global mining operators, who spend generally between 20-40% of their operational costs on power consumption. This issue has increased focus on cutting energy costs, particularly assessing the business case of renewables integration for the global mining value chain.
The Energy and Mines London Summit will offer outstanding business platform and strategic insight from mining CFOs, traditional banks, private lenders, and development banks on financing renewables for mines.
For further details contact:
andrew.slavin@energyandmines.com,
+1 613 627 2787
london.energyandmines.com