Morocco’s Platinum Power Partners Chinese Firm on $300m Hydropower Project

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Renewable energy firm Platinum Power, which is partly owned by U.S. private equity firm Brookstone Partners, has partnered with China’s CFHEC to build a $300 million hydropower plant in central Morocco, it confirmed to Reuters this week.

CFHEC, which is a subsidiary of state-owned construction firm CCCC, will partner with the Moroccan group to finance, build and run the 108-megawatt plant, Platinum Power’s chief executive Omar Belmamoun said.

The two companies have also agreed to partner on renewable energy projects elsewhere in Africa, where they both see growing demand for clean energy, Platinum Power said in a statement.

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