Skip to content Skip to Search
Skip navigation

Morocco gets $188m to build three desalinisation plants

Morocco's desalination plants will provide water for OCP Group’s industrial sites and drinking water for the towns of Safi and El Jadida Unsplash.com/Engin Akyurt
Morocco's desalination plants will provide water for OCP Group’s industrial sites and drinking water for the towns of Safi and El Jadida

Moroccan fertiliser company OCP Group has secured $188 million worth of funding to build three new seawater desalinisation plants as part of the government’s emergency plan for drinking water supply.

The state-backed company signed an agreement with the African Development Bank (AfDB) to fund its green investment programme.

The construction of the new desalinisation plants will be funded through $150 million from AfDB, $18 million from the Canada-African Development Bank Climate Fund and $20 million from the World Bank-backed Clean Technology Fund.

The plants will have a total annual capacity of 110 million cubic metres, and provide unconventional water to the OCP Group’s industrial and mining sites.

Up to 75 million cubic metres of drinking water will be provided for the towns of Safi and El Jadida and the areas around the OCP’s Safi and Jorf plants. The move will benefit over 1.5 million people.

“The project will also help to optimise water-resource management in the OCP Group’s industrial activities by using desalinated seawater,” said AfDB country office manager for Morocco Achraf Tarsim.

Karim Lotfi Senhadji, finance director of OCP Group, added that the company’s sustainability objectives include achieving 100 percent renewable energy by 2027, self-sufficiency in green ammonia by 2032 and full carbon neutrality by 2040.

AfDB has invested over $13 billion across various sectors in Morocco since 1978.

Latest articles

STC wants to consolidate the mobile tower market

STC approves PIF purchase of telecom company

Shareholders of Saudi telecom giant STC have approved plans to create a new telecommunications infrastructure company in which the Public Investment Fund will have a 51 percent stake valued at SAR8.7 billion ($2.3 billion).  Under the deal, the STC-owned Telecommunication Towers Co. Limited (Tawal) will become a PIF subsidiary through a merger with Golden Lattice […]

Flavio Cattaneo of Enel, of which Endesa is a subsidiary, and Mohamed Jameel Al Ramahi at the signing of the deal

Masdar buys stake in Spanish utilities company Endesa

The UAE’s state-owned clean energy company Masdar has agreed to acquire a minority stake in Spanish electric utility business Endesa to partner for 2.5 gigawatts (GW) of renewable energy assets in Spain. Under the agreement, subject to regulatory approval, Masdar will invest nearly $890 million to acquire a 49.99 percent stake in Endesa, with an […]

UAE markets Hong Kong

UAE capital markets partner with Hong Kong exchange

The Hong Kong Stock Exchange (HKSE) has added the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) to its roster of recognised marketplaces. The move opens the door for UAE-based companies to pursue secondary listings on one of Asia’s premier financial markets. It also follows the inclusion of the Saudi Exchange (Tadawul) […]

Person, Worker, Adult

Aramco and PIF invest in Saudi-Chinese steel venture

Saudi Aramco and the Public Investment Fund have doubled their investment in a steel plate joint venture with a Chinese company to $500 million. The two Saudi companies each own 25 percent shares in the new venture in Ras Al Khair industrial city, Bloomberg reported, quoting a statement published on the Chinese stock exchange. Chinese […]