Regulatory Other

regulatory

Morocco - Portugal HVDC Link

4 July 2018

View SourcePublished: 4 Jul 2018

Event Details

Event Type:Regulatory Other

Category:regulatory

Date:4 July 2018

Date Precision:day

Event Signals

Neutral

Informational - no clear directional impact

Low Impact

Minor progress or informational

Regulatory Details

Permit Type:Government mandate and official declarations supporting the Morocco–Portugal HVDC interconnector and commissioning REN and ONEE to prepare a preliminary construction and financing proposal

Description

By mid-2018, the governments of Portugal and Morocco had formally signalled their support for a new 1,000 MW HVDC interconnection between Tavira (Portugal) and Bni Harchane (Morocco), issuing official declarations of willingness to develop the project and mandating TSOs REN and ONEE to submit, within a short time, a preliminary draft proposal covering both the construction and financing model.