Moroccan-Emirati Consortium : A mega-investment for Morocco's water and energy security

Morocco has recently concluded a major strategic partnership with the United Arab Emirates aimed at strengthening its water and energy security. This investment program, valued at 130 billion dirhams (approximately 14.05 billion dollars), is led by a consortium bringing together TAQA Morocco, Nareva, the Mohammed VI Investment Fund (FM6I), and the National Office of Electricity and Drinking Water (ONEE). 

The planned projects include the construction of combined cycle power plants, the development of 1,200 MW of renewable energy, the establishment of a 1,400 km electric transmission line, as well as the creation of seawater desalination plants. These initiatives aim to improve water and electricity supply while creating over 25,000 jobs by 2030. 

This partnership aligns with Morocco’s strategy to achieve 52% renewable energy in its energy mix by 2030, thereby strengthening its energy sovereignty and resilience in the face of climate challenges.