(MENAFN- Morocco World News) Rabat – After a positive growth of electric power production in January 2017, the sector saw a decrease of 1.2 percent at the end of February 2017, following a 1 percent increase a year earlier, reported the Department of Economic Studies and Financial Forecasting (DEPF).
This reduction is due to a joint decline in production of the National Office of Electricity and Drinking Water (2.3 percent) and private production of 2.4 percent, alleviated by the strengthening of 44.6 percent of the projects developed under the law 13-09 relating to renewable energies, explained the DEPF in its note of conjuncture of April 2017.
Morocco's trade in electric energy with Spain and Algeria (imports and exports) increased by 11.9 percent at the end of February 2017, driven by the increase in the volume of imports of 10.9 percent after an increase of 17.8 percent the previous year, bringing the evolution of the net energy to 1.9 percent, after a 3.1 percent increase year earlier, adds DEPF.
With regard to the consumption of electric power, it rose slightly by 0.5 percent at the end of the first two months of 2017, after a 2.6 percent growth in the same period of the previous year.
The DEPF attributed this increase to the consumption of very high, high and medium voltage, which grew by 1.2 percent, taking advantage of 2.5 percent increase of energy consumed by distributors and a 6 percent increase by the industrial sector. By contrast, consumption of low-voltage energy fell by 2.4 percent at the end of February after a 1.7 percent increase a year ago, the same source said.
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