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Taqa Morocco: Consolidated turnover increased by 7.1%

Taqa Morocco’s consolidated turnover reached MAD 8.5 billion in 2019, registering an increase of 7.1% year-on-year. This increase can be explained in particular by the good performance of all of the electricity supplier’s units and the increase in energy costs following the evolution of the purchase price of coal on the international market.

In 2019, the overall annual availability rate of Units 1 to 6 also improved, from 91.2% in 2018 to 92.9%. Investments reached MAD 114 million, down 53.7% compared to 2018, “due to the completion of the major revisions of Unit 2 and minor of Unit 4 in 2018”. The operator has also lowered its debt by MAD 860 million.

Consolidated net debt thus stood at MAD 8.3 billion, down 9.3% compared to the end of 2018.

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