Siemens and Endesa strive to recuperate investments in the Tahaddart Power Plant (Morocco)

Siemens and Endesa strive to recuperate investments in the Tahaddart Power Plant (Morocco)

Unable to collect dividends on their shares in the company’s share capital due to a dispute over land, shareholders have decided to partially pull out, to the sum of €18M.

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            ▪ Siemens and Endesa strive to recuperate investments in the Tahaddart Power Plant (Morocco)

▪ Unable to collect dividends on their shares in the company’s share capital due to a dispute over land, shareholders have decided to partially pull out, to the sum of €18M.

https://www.africabusinessplus.com/en/813224/siemens-and-endesa-strive-to-recuperate-investments-in-the-tahaddart-power-plant-morocco/

In June, for the second time in under 18 months, an extraordinary general meeting of shareholders in the Énergie électrique de Tahaddart decided to dip directly into core funding in order to pay investors in the company, which runs a 400 MW power plant.

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