Strategic Partnership Between the Government of Morocco and TAQA Morocco, Nareva, ONEE and the Mohammed VI InvestmentFund to Develop Key Power and Water Infrastructures in the Kingdom of Morocco
As part of the implementation of the commitments made in the joint declaration between HisMajesty King Mohammed VI, may God Assist Him, and His Highness Sheikh Mohamed binZayed Al Nahyan, TAQA Morocco, in partnership with Nareva and the Mohammed VI Fundfor Investment, has signed three memorandums of understanding and related developmentagreements with the Government of Morocco and ONEE. These agreements cover thedevelopment of structuring projects in the power, water and renewable energy sectors.The program aims to strengthen the Kingdom's water and energy sovereignty through thedevelopment of flexible natural gas-based power generation capacity, seawater desalinationand water transport infrastructure, and a new power transport line between the south andcenter of the Kingdom.Involving a to...