Re Contract

Total Fina Elf.
21 May 2002



TOTAL FINA ELF
France: Laurence FRANCISCO
Tel: [phone]
laurence.francisco@total finaelf.com

Christine Melville
Tel: [phone]
[e-mail]

Maroc: TOTAL MAROC
Khalid EL MALKI
Tel: [phone]

EDF
France: Benoit GAUSSERON
Tel: [phone]
[e-mail]


Maroc: EDF Maroc
Tel: [phone]
[e-mail]

TOTAL ENERGIE
France: Pierre GENIN
Tel: [phone]
[e-mail]

Maroc: Mounir LAGHRIBI
Tel: [phone]
[e-mail]



 
               Solar Power for 16,000 Households in Morocco
        Morocco Awards Contract to Total Energie, TotalFinaElf and
                        Electricite de France


Paris, May 21, 2002 -A consortium led by Total Energie and comprising 
shareholders TotalFinaElf, through its subsidiary Total Maroc, and Electricite 
de France (EDF), has been awarded a contract for a rural solar power 
electrification program covering 16,000 households in Morocco. The contract 
award follows an international tender held by Morocco's Office National 
d'Electricite (ONE) in which seven Moroccan and non-Moroccan consortia 
submitted bids.

The agreement was signed today in Rabat by ONE, Total Energie, EDF and Total 
Maroc, under the auspices of the Moroccan Ministry of Industry, Trade, Energy 
and Mines.

The solar power electrification program, part of the Global Rural 
Electrification Program (PERG) being implemented by ONE, covers rural regions 
remote from the electricity grid and scattered housing southeast of Rabat and 
Casablanca. Each household will be equipped with a solar panel and battery 
system to supply power for lighting and domestic appliances. Installation of the 
systems will take place over a period of four years, beginning in the second 
half of 2002.

The three partners will create a company known as Total EDF Maroc Solaire 
(TEMASOL) to deploy the program, to ensure the systems are reliable and to 
guarantee the quality of the service delivered. TEMASOL will use Total Energie's 
photovoltaic systems and, under a ten-year contract, be responsible for managing 
the technical and financial aspects of the program, performing maintenance, 
replacing equipment and collecting the fees paid by users.

The project has an estimated budget of EUR 13 million. ONE will provide 
EUR 7.2 million with the financial support of Germany's Kreditanstalt fur 
Wiederaufbau (KFW), a cooperation bank. The Agence Francaise de Developpement 
(AFD) approached the Fonds Francais pour l'Environnement Mondial (FFEM) to 
finance technical support. The Total Energie-TotalFinaElf-EDF consortium and 
users will be responsible for additional financing.

Total Energie, TotalFinaElf and EDF are pooling their capabilities to 
successfully implement this socially and economically innovative project that 
is also environmentally-friendly. The solar electrification program is fully in 
line with the partners' sustainable development strategy.


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