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GREEN FINANCE-
EBRD lends EUR 200 mn for desal in Morocco: The European Bank for Reconstruction and Development (EBRD) will extend a EUR 200 mn loan to Moroccan fertilizer giant OCP Group to build two new desalination plants, according to a statement released on Thursday. The loans will support the company’s efforts to reduce its water footprint and shift its water-intensive operations towards “non-conventional” water sources.
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About the plants: The two seawater desalination plants will be constructed at OCP’s industrial complexes in the cities of El Jadida and Safi, both located in highly water-stressed areas. The plants will have a capacity of around 35 mn m3.
MINING-
Algeria + DCR partner on mining: Algeria and the Democratic Republic of Congo (DRC) have signed a protocol agreement in the fields of geology and mining, according to a statement published last week. The agreement aims to enhance governance in mining, provide training for professionals, and promote sustainable management of mineral resources. The agreement also focuses on digitizing management systems and auditing mineral science laboratories and equipment, with possible joint projects in natural resource exploration, including critical minerals.
OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-
- Masdar utilizes AI to protect birds of prey: UAE’s Masdar will use IdentiFlight technology to send signals to shut down wind turbines at its 500 MW Zarafshan wind farm in Uzbekistan if a bird in the area risks collision with it. 70 towers installed across the farm will monitor both bird species in migration and those endemic to the area. (Statement)
