Strategic Partnership Between the Government of Morocco and TAQA Morocco, Nareva, ONEE and the Mohammed VI Investment Fund to Develop Key Power and Water Infrastructures in the Kingdom of Morocco
Strategic Partnership Between the Government of Morocco and TAQA Morocco, Nareva, ONEE and the Mohammed VI Investment Fund to Develop Key Power and Water Infrastructures in the Kingdom of Morocco (Photo: AETOSWire)
Involving a total investment of around 130 billion dirhams by 2030, this partnership will enable:
· The production of 900 million m³ of desalinated water and the transport of 800 million m³ through the water highway project.
· The acquisition of the Tahaddart gas-fired power plant (400 MW) and the addition of 1,100 MW of combined-cycle capacity.
· The development of 1,200 MW of renewable energies under contract with ONEE, as well as an HVDC line of around 3,000 MW.
All of these projects will be equally owned by TAQA Morocco and Nareva, with a 15% stake held by Fonds Mohammed VI pour l’Investissement.
Abdelmajid Iraqui Houssaini, Chairman of the Board of TAQA Morocco:
“This strategic public / private partnership will contribute to significantly and sustainably transform the domestic water and energy landscape in Morocco with the enhancement of desalination capacities and water transmission. It reinforces the transmission network with a higher contribution of gas-fired power generation in Morocco’s baseload to increase the integration of renewable energy sources. This important investment programme will also accelerate the growth and diversification of TAQA Morocco’s business portfolio.”
About TAQA Morocco: https://www.taqamorocco.ma/en/group/about
*Source: AETOSWire
View source version on businesswire.com: https://www.businesswire.com/news/home/20250520313620/en/
Website: https://www.taqamorocco.ma/en
Contact
TAQA Morocco
Laila Bouchourl
laila.bouchourl@taqamorocco.ma
This news is a press release provided by TAQA Morocco.
