The Competition Council has announced that it has been approached regarding a project for economic concentration involving the creation of several joint ventures between Nareva Holding and Taqa Morocco.
This operation concerns the establishment of joint ventures dedicated to renewable energy production, seawater desalination, and water transportation.
In accordance with competition legislation, the Council has published a summary of the operation and invites interested parties to submit their comments within ten days, until March 16, 2026.
Three Types of Joint Ventures
The project outlines the creation of several joint entities held equally by Nareva Holding and Taqa Morocco (42.5% each), together representing at least 85% of the capital.
These joint ventures will focus on three main activities:
- Renewable energy production, primarily to power the desalination infrastructures
- Construction and operation of seawater desalination plants
- Development of water transportation and transfer infrastructures
Projects in Several Regions
The future desalination plants are expected to be developed in various regions of the Kingdom, including the Oriental, Souss-Massa, Tangier, Tan-Tan, and Guelmim.
The project also includes water transfer infrastructures, specifically:
- An additional segment connecting the Garde Sebou dam to the Sidi Mohammed Ben Abdellah dam
- A hydraulic connection between the Sidi Mohammed Ben Abdellah dam and the Al Massira dam
Two Major Energy Players
Taqa Morocco, listed on the Casablanca Stock Exchange since 2013, is currently the leading private electricity producer in Morocco, with an installed capacity of 2,056 MW.
On the other hand, Nareva Holding, established in 2004 and based in Casablanca, is a major player in electricity production and water management, with projects in wind energy, thermal power plants, irrigation, and desalination.
Addressing Water Stress
According to the notifying parties, this operation is part of a strategy aimed at developing structural infrastructures to address water stress and enhance the security of water supply.
The project thus combines renewable energies, desalination, and water transfer in an integrated approach designed to support the Kingdom’s growing needs for water resources.