Laurence Walker, London
(Montel) One of the world’s largest coal trading firms, Carbo One, has won long-term tenders to supply thermal coal to Morocco, amid efforts to diversify away from the diminishing European market.
The Cyprus-registered firm, which sources a majority of its coal from Russia, will supply the 2 GW Taqa Jorf Lasfar plant and the 1.4 GW Safi power plant, which began operations last year.
“Carbo One’s strategy is to develop and diversify sales across the African continent, whereas the European market demand is dropping,” it said in a statement on Monday.
