Investment of 220 Billion Dirhams in the Water and Electricity Sectors
The National Office for Electricity and Drinking Water has announced a five-year plan aimed at investing 220 billion dirhams in the electricity and water sectors.
According to Bloomberg Asharq, the funds will be divided into investments of 177 billion dirhams for electricity and 43 billion dirhams for water, with the private sector covering 72% of the program’s financing.
The plan aims to develop renewable energy production capacities worth approximately 100 billion dirhams, with an energy target of 12.5 gigawatts. It also seeks to ensure the provision of drinking water, enhance supplies in rural areas, and implement seawater desalination projects.
Nadia Fettah Alaoui, the Minister of Economy and Finance, stated that Morocco is facing significant challenges related to energy transition and water stress, noting that the current installed electricity capacity is about 12 gigawatts, with 45.4% derived from renewable sources.
In turn, Tarek Hamman, Director General of the National Office for Electricity and Drinking Water, stated that the projects planned for the upcoming period aim to accelerate the energy transition through greater integration of renewable energies and the development of storage projects. This will enable reaching a renewable energy share of approximately 56% by 2027.
