Safi Energy Company, a joint venture of GDF Suez SA (GSZ.FR), Japan 's Mitsui & Co. Ltd. (8031.TO) and Nareva Holding, Tuesday said it has been awarded a contract to operate a coal-fired power plant in Morocco , for an undisclosed amount.

The power plant, which will be built by South Korea 's Daewoo Engineering & Construction Co. Ltd. (047040.SE), will have a total capacity of 1,386 megawatts and will be located near Safi , in Western Morocco .

The plant is expected to start producing in 2017, the company also said.
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