Energy Finance Headlines Morocco

Private Investors Flock to Morocco’s Water and Electricity Sector as ONEE Unveils New Plan

Morocco’s national water and electricity utility, ONEE, has approved a 2026-2030 equipment plan worth 177 billion dirhams for electricity and 42.1 billion dirhams for drinking water, with 72 percent of the total to be financed directly by the private sector, the utility’s board decided at a session in Rabat.

The electricity component centers on accelerating the energy transition through massive integration of renewables, expanded storage and grid reinforcement, including a 104 billion dirham program to add 11.6 gigawatts of renewable generation capacity and 2.6 gigawatts of storage, enough to push the renewable share of installed capacity past 52 percent by 2028, two years ahead of the kingdom’s original target.

On water, the plan focuses on securing drinking water production and expanding rural access, with desalination capacity expected to exceed 1.3 billion cubic meters a year by the end of the program, covering 63 percent of drinking water needs compared with just 13 percent in 2025, through plants in Casablanca, the Oriental region, Tangier, Souss-Massa and Guelmim-Tan Tan.

ONEE director general Tarik Hamane said the utility’s action plans would increasingly support the decarbonization of the national economy and the promotion of private investment, noting that ONEE’s own 2025 investment program exceeded 7.3 billion dirhams. The board’s approval follows a previously announced 130 billion dirham-partnership between the government, Taqa Morocco, Nareva, ONEE and the Mohammed VI Investment Fund to expand desalination, water transport and power transmission infrastructure by 2030, a program expected to create more than 25,000 jobs.

Installed electricity capacity reached 12,314 megawatts in 2025, with renewables accounting for 46.1 percent, while rural access to drinking water rose to 98.9 percent, benefiting roughly 13.65 million people, as national electricity demand climbed 7.4 percent to 49 terawatt-hours, with a new peak consumption record of 8,400 megawatts set in July 2026.

 

North Africa Post
North Africa Post's news desk is composed of journalists and editors, who are constantly working to provide new and accurate stories to NAP readers.
https://northafricapost.com