Nareva, Taqa Morocco plan joint ventures for water security
Energy firms announce projects for renewable power, desalination plants and water transport to address Morocco’s growing water scarcity
RABAT, Morocco (MNTV) — Nareva Holding and Taqa Morocco have announced plans to establish a series of strategic joint ventures aimed at strengthening Morocco’s water security while expanding renewable energy capacity.
According to a statement from Morocco’s Competition Council, the initiative includes the creation of three separate entities focusing on renewable energy production, seawater desalination, and water transport infrastructure.
The two companies will jointly own the ventures, each holding a 42.5% stake, giving them a combined ownership of at least 85%. Authorities have also opened a 10-day public consultation period, allowing stakeholders to submit feedback before the Competition Council reviews the proposal.
One of the planned entities will focus on developing, financing, constructing and operating renewable energy projects. Electricity generated from these facilities will be used to power desalination plants, integrating Morocco’s water and energy strategies.
A second joint venture will oversee the construction and operation of desalination plants designed to help address water shortages in several regions, including Oriental, Souss-Massa, Tangier, Tan-Tan and Guelmim.
Meanwhile, the third entity will focus on water transport infrastructure, building and maintaining systems to transfer water between major reservoirs. Planned connections are expected to link key dams such as Garde Sebou, Sidi Mohammed Ben Abdellah and Al Massira, improving the distribution of desalinated water to areas facing shortages.
The initiative forms part of Morocco’s broader strategy to respond to growing water stress while advancing sustainable energy development.
Taqa Morocco, listed on the Casablanca Stock Exchange since 2013, is the country’s largest private electricity producer and operates several power generation units.
Nareva Holding, founded in 2004 and headquartered in Casablanca, is a major player in Morocco’s energy and water sectors, with projects including wind farms, thermal power plants and desalination facilities.
Officials say the partnership could strengthen Morocco’s long-term infrastructure and environmental resilience as the country faces increasing pressure on its water resources.
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