Morocco signed deals worth more than $14 billion on Monday with an Emirati-Moroccan consortium to develop energy and water infrastructure. The deal involves the Mohammed VI Public Investment Fund, Taqa Morocco, a subsidiary of the Emirati energy giant Taqa, and Nareva, the energy arm of the royal holding company Al Mada. The agreement, signed with the National Office of Electricity and Drinking Water (ONEE), provides for investments until 2030 with the aim of strengthening the country's water security and energy independence.
The projects agreed include the construction of a 1,400-kilometre high-voltage power line that will transport green energy from Western Sahara to Casablanca, as well as seawater desalination plants. Morocco, which suffers from severe water stress, is committed to desalination as a means of expanding its resources, while continuing its commitment to renewables, which already cover 38 % of its electricity needs and aims to increase this to 52 % by 2030.
Source: english.ahram.org.eg