Agadir – Nareva Holding and Taqa Morocco have announced plans to create a series of strategic joint ventures, according to a statement issued by Morocco’s Competition Council.
The initiative is a significant move to tackle Morocco’s water stress and support sustainable energy development.
It involves the establishment of three key entities: the Renewable Energy, the Desalination and the Water Transport.
The joint ventures will be equally owned by the two companies, with each holding 42.5% of the shares, collectively accounting for a minimum of 85% of the ownership.
The companies are now opening a 10-day period for public consultation, allowing stakeholders to submit observations ahead of the Council’s review.
The initiative’s joint ventures
To address Morocco’s growing water and energy challenges, the initiative integrated joint ventures.
For renewable energy joint ventures, this entity will focus on the development, financing, construction, and operation of renewable energy projects. Electricity produced will be dedicated to powering the desalination plants.
With the creation and operation of desalination plants, these ventures will serve regions including Oriental, Souss-Massa, Tangier, Tan-Tan, and Guelmim, providing a crucial solution to water scarcity.
Water transport joint ventures will develop and maintain water transfer infrastructure, linking key dams such as the Garde Sebou, Sidi Mohammed Ben Abdellah, and Al Massira, ensuring efficient distribution of desalinated water across critical regions.
The initiative is part of Morocco’s broader plan to confront water stress while advancing sustainable energy production.
By combining expertise in renewable energy and water management, the joint ventures are expected to contribute significantly to the country’s strategic infrastructure and long-term environmental resilience.
Leading companies powering the project
Taqa Morocco is the country’s leading private electricity producer on the Casablanca Stock Exchange since 2013.
With six production units and a planned capacity of 2,056 MW by 2024, the company plays a key role in Morocco’s energy sector. Its headquarters are located in Jorf Lasfar, El Jadida.
Nareva Holding, founded in 2004 and based in Casablanca, is a major player in both electricity production and water management.
Its portfolio includes wind farms, thermal power plants, and industrial irrigation and desalination projects, combining energy and water expertise under one roof.