TAQA signs key agreements to advance Morocco’s energy and water sovereignty

TAQA Morocco, together with Nareva and the Mohammed VI Fund for Investment has signed three memorandums of understanding and related development agreements with the Government of Morocco and ONEE.

These agreements support the development of major infrastructure projects in the power, water, and renewable energy sectors aimed at reinforcing the Kingdom's sovereignty in both water and energy.

The programme focuses on expanding Morocco’s natural gas-based power generation capacity, boosting seawater desalination and water transport capabilities, and building a new electricity transmission line linking the southern and central regions.

With a total investment estimated at around 130 billion dirhams by 2030, the partnership will deliver:

- 900 million m³ of desalinated water and the transport of 800 million m³ via the national water highway project
- Acquisition of the 400 MW Tahaddart gas-fired power plant, plus the addition of 1,100 MW in combined-cycle capacity
- Development of 1,200 MW of renewable energy capacity under contract with ONEE, along with a high-voltage direct current (HVDC) transmission line of approximately 3,000 MW

All the projects will be co-owned equally by TAQA Morocco and Nareva, with the Mohammed VI Fund for Investment holding a 15% stake.

Abdelmajid Iraqui Houssaini, Chairman of the Board of TAQA Morocco, said, “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.”