Morocco and UAE Launch Major Energy and Water Partnership with Taqa and Nareva
Morocco and the UAE are enhancing their strategic partnership through a new initiative involving Taqa Morocco and Nareva Holding. This partnership aims for an investment of nearly 130 billion dirhams by 2030, focusing on clean energy and water infrastructure, including desalination and electricity transmission. Key projects include the joint acquisition of Energie Electrique de Tahaddart and the development of new renewable energy and desalination ventures.
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Morocco and the UAE are advancing a strategic partnership in energy and water, with Taqa Morocco and Nareva Holding announcing joint ventures aimed at nearly 130 billion dirhams in investments by 2030. They will acquire 85% of Energie Electrique de Tahaddart, a 400 MW gas plant, and develop a new facility with 1,000 to 1,400 MW capacity.
The initiative includes renewable energy and desalination projects targeting 900 million cubic meters of output, powered by green energy. A 3,000 MW HVDC transmission corridor and water transfer infrastructure will also be established, addressing Morocco's water stress. Regulatory review by Morocco's Competition Council is underway.
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