World Bank Group
ONEE Support Project (formerly, ONE Support Project)
ONEE Support Project (formerly, ONE Support Project)
Energy

Start Date
Budget USD 41.83 millions
End Date
Budget USD 41.83 millions
Start Date
End Date
Project funded by World Bank Group

The objective of the Additional Financing for the Office National de l' Electricite (ONE) Support Project for Morocco is 'to contribute to increase the efficiency and reliability of electricity supply to electricity consumers.' This additional loan is needed to cover a financing gap and is fully consistent with OP/BP 10.00. Project implementation is satisfactory and the ONEE is in compliance with all loan covenants. There are no new activities. The additional loan is expected to close in December 31, 2015, that is on the same date as the original loan. To reflect this institutional change, a project restructuring entered into effectiveness on October 15, 2013 to: (i) change the borrower from ONE to ONEE; and (ii) change the name of the project. At the same time, the project scope was reduced by removing two components and three sub-components, the closing date was extended and the results framework updated to reflect the reduced scope.

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Project implemented by OFFICE NATIONAL DE L'ELECTRICITE ET DE L'EAU POTABLE (ONEE)
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