TAQA Morocco Joins Forces with Partners for Energy and Water Projects

Deal News | May 19, 2025 | Zawya

TAQA Morocco Joins Forces with Partners for Energy and Water Projects

TAQA Morocco, in partnership with Nareva and the Mohammed VI Investment Fund, has signed three Memoranda of Understanding (MoU) with the Government of Morocco and the Office National de lElectricit et de lEau Potable (ONEE) to develop large-scale power and water projects. This strategic alliance aims to support Morocco's energy transition and water security by focusing on low-carbon power generation and sustainable water infrastructure. The projects involve a substantial investment of approximately AED 52 billion (130 billion Moroccan Dirhams) and include the acquisition of a 400 MW Combined Cycle Gas Turbine power plant, the development of 1,100 MW of new power projects, significant desalination capacity, and new transmission networks. This initiative is part of a broader cooperative effort between the UAE and Morocco, highlighting the shared commitment to economic development and sustainability.

Sectors

  • Energy
  • Water Infrastructure

Geography

  • Morocco – The majority of the discussed projects and partnerships are based in Morocco, making it the central geographical focus.
  • United Arab Emirates – The UAE plays a role via partnerships and cooperative agreements affecting the discussed projects.

Industry

  • Energy – The article focuses on the development of gas and renewable energy projects, highlighting the importance of low-carbon power generation.
  • Water Infrastructure – The initiatives include significant investments in desalination and water transmission, emphasizing solutions to water security in Morocco.

Financials

  • Approximately AED 52 billion (130 billion Moroccan Dirhams) – The estimated investment for the development of power and water projects in Morocco.

Participants

NameRoleTypeDescription
TAQA MoroccoTarget CompanyCompanyA leading independent power producer in Morocco, part of the Abu Dhabi National Energy Company PJSC.
NarevaPartner CompanyCompanyA wholly owned subsidiary of Al Mada Group partnering in the energy and water projects.
Mohammed VI Investment FundPartner CompanyCompanyA sovereign fund of Morocco involved in the joint energy and water initiatives.
Government of MoroccoPartnerGovernmentCollaborating with private entities to enhance energy and water infrastructure in the Kingdom.
Office National de lElectricit et de lEau Potable (ONEE)PartnerCompanyThe Moroccan state-owned company responsible for electricity and water services, collaborating in the projects.