The OME opened yesterday with the help of the German Development Cooperation’s (GIZ) Support Project for Moroccan Energy Strategy (PAPEM II), according to state-owned media outlet Maghreb Arab Press.
Gunnar Lorenz, the PAPEM II principal technical counsellor, declared that the project aims to enhance the energy sector in Morocco by giving key actors technical and technological support.
Minister of Energy Aziz Rabbah declared that the Ministry of Energy, through the initiative, will allow investors, professionals, and the general public to access all data available on the energy sector through the OME and an online platform.
According to Rabbah, OME will answer the growing needs of the energy sector for information and communication by giving ready access to statistics, a database, and indicators.
The Ministry of Energy hosted a conference to present the observatory’s role. The conference also remarked on the partnerships and cooperation between Morocco and Germany in energy and research.
PAPEM II’s ultimate goal is to create a computer system for each sector of the economy and an integrated model system monitoring supply and demand in the energy sector.
Morocco has recently accentuated its efforts in the energy sector. On October 1, Rabbah declared that Morocco would invest over $40 billion by 2030 in the sector.
On the same day, the National Office for Electricity and Water (ONEE) launched a tender for the building of a Liquefied Natural Gas import facility near Casabalanca. Rabbah also launched a pumped power transfer station project in the region of Agadir as part of Morocco’s plan to integrate renewable energies.