TAQA consortium unveils $14 B energy plan for Morocco
Massive $14 B agreement will boost Morocco’s power grid, renewables, desalination capacity, and long-distance transmission infrastructure across key regions.
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Morocco: A new strategic partnership between the Moroccan Government, national utility ONEE, and a consortium including the Mohammed VI Investment Fund, TAQA Morocco, and Nareva will deliver a wide-ranging $14 billion (MAD130 B) investment in Morocco’s energy and water infrastructure.
Under a series of newly signed Memorandums of Understanding (MoUs), the consortium will develop a 3 GW HVDC transmission line, linking the southern and central regions of the country. The plan also includes 1.2 GW of new renewable energy capacity, helping Morocco advance its clean energy goals.
The agreement further covers the acquisition of a 400 MW combined-cycle gas turbine (CCGT) plant in Tahaddart, along with the development of an additional 1.1 GW of new CCGT generation across Morocco.
Water infrastructure is also central to the package, with plans for 2.5 million m2 per day of new seawater desalination projects and 2.2mcm/d of water transport systems, including advanced “water highways” to improve resource delivery.
TAQA Morocco and Nareva will each hold a 42.5 % stake in the projects, while the remaining 15 % will be owned by the Mohammed VI Investment Fund and public-sector partners.
This large-scale initiative is poised to significantly enhance Morocco’s energy resilience, transmission capacity, and sustainable water infrastructure for years to come.
Source: Enerdata
#clean energy goals#desalination#investment#Mohammed VI Investment Fund#Moroccan Government#Morocco#Nareva#ONEE#renewable energy#Taqa#transmission line