Abu Dhabi National Energy Company PJSC (TAQA), has announced that its subsidiary TAQA Morocco, Morocco’s leading independent power producer, in which TAQA holds an 85.79% shareholding, has announced that it has, alongside Nareva, a sovereign fund of the Kingdom of Morocco, signed three Memoranda of Understanding and associated agreements with the government of Morocco and the Office National de l’Electricité et de l’Eau potable (ONEE) to explore the acquisition of an existing combined cycle gas turbine power plant, the development of new flexible low-carbon gas-fired power and renewable power generation projects, seawater desalination projects, water transmission infrastructure and electricity transmission infrastructure in the kingdom.
Under these Memoranda, TAQA Morocco and its public and private partners will jointly explore the development of low-carbon power and water generation and transmission assets with a potential investment of approximately AED 52 billion (approximately 130 billion Moroccan Dirhams) in the kingdom to support its energy transition and water security.
The scope of the MoUs, includes:
- New seawater desalination units producing 2.5 million cubic metres per day, to be powered by ancillary sustainable power sources developed by TAQA Morocco and its partners;
- Development of water transmission networks with a capacity of 2.2 million cubic metres per day;
- Acquisition of an existing 400 MW CCGT power plant in Tahaddart (North of the Kingdom of Morocco) and the potential development of 1100 MW of greenfield CCGT power projects;
- The development of new 3000 MW high voltage direct current transmission infrastructure connecting the south to the centre of Morocco;
- 1200 MW of new renewable energy projects.
TAQA Morocco is the leading Independent Power Producer in Morocco, it produces nearly 34% of the country’s power needs through the 2.05 GW Jorf Lasfar power complex.
