At the end of Q1-21, TAQA Morocco recorded a consolidated revenue of MAD 1,912 Mn against MAD 1,883 Mn a year earlier, i.e. an increase of 1.5%. This was driven by the 16.2% increase in power costs, rising from MAD 847 Mn at the end of March 2020 to MAD 984 Mn at the end of March 2021. This offset the drop observed in energy costs by -15.0% during the same period to MAD 800 Mn due to the decline in international coal prices ...
