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CUAE - Morocco consortium sign $14 billion worth of energy deals
* Morocco and state-owned National Office of Electricity and Drinking Water (ONEE) signed three agreements with the Mohammed VI Public Investment Fund and energy groups Taqa Morocco, a subsidiary of the Emirati energy giant Taqa, and Nareva, the energy wing of the royal holding company Al Mada.
* These projects aim to "strengthen both water security and energy independence" in Morocco.
* The total investment amounts to nearly 130 billion dirhams (approximately $14 billion) by 2030.
* The signed agreements include the construction of a 1,400 kilometre (850 mile) high-voltage line transporting green electricity from the disputed territory of Western Sahara https://www.newarab.com/news/france-pledges-168-million-investment-western-saharato asablanca, as well as seawater desalination plants.
* Over the past 15 years, Morocco has invested heavily in renewable energy, which currently provides for 38 percent of its electricity needs and aims to reach 52 percent by 2030.
* Facing acute water stress, Morocco is relying on desalination to increase its water resources.
#local
* Morocco and state-owned National Office of Electricity and Drinking Water (ONEE) signed three agreements with the Mohammed VI Public Investment Fund and energy groups Taqa Morocco, a subsidiary of the Emirati energy giant Taqa, and Nareva, the energy wing of the royal holding company Al Mada.
* These projects aim to "strengthen both water security and energy independence" in Morocco.
* The total investment amounts to nearly 130 billion dirhams (approximately $14 billion) by 2030.
* The signed agreements include the construction of a 1,400 kilometre (850 mile) high-voltage line transporting green electricity from the disputed territory of Western Sahara https://www.newarab.com/news/france-pledges-168-million-investment-western-saharato asablanca, as well as seawater desalination plants.
* Over the past 15 years, Morocco has invested heavily in renewable energy, which currently provides for 38 percent of its electricity needs and aims to reach 52 percent by 2030.
* Facing acute water stress, Morocco is relying on desalination to increase its water resources.
#local
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