In order to meet the growing demand for electricity and address certain issues arising from the significant expansion of renewable energy, the Kingdom of Morocco has decided to diversify its generation mix by increasing the use of liquefied natural gas (“LNG”) with an ambitious gas to power project together with the construction of a maritime jetty for the reception of the LNG tankers, an LNG regasification unit, two combined cycle gas turbine power plants (“CCGT”) with a combined capacity of 2400 MW and a 400 km gas pipeline (the “Gas to Power Project”). The Gas to Power Project is estimated to be in the region of a USD 4.6 billion investment.