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Nareva & Taqa Morocco Launch Multi‑Sector Joint Ventures in Renewable Power, Desalination and Infrastructure
Morocco’s Nareva Holding and Taqa Morocco have filed several concentration‑of‑economic‑activity proposals with the Competition Council. The two groups plan to create equally‑owned joint ventures—each holding 42.5% of the capital—to develop renewable‑energy plants that will feed seawater‑desalination units, build water‑transfer infrastructure, and install a 3 GW high‑voltage direct‑current (HVDC) line linking the south with the centre of the Kingdom. They also intend to acquire the Tahaddart electricity company and set up a new gas‑fired power complex (Tahaddart 2 & 3) with a capacity of 1‑1.4 GW.
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Background
The Moroccan Competition Council has been notified of several concentration‑of‑economic‑activity filings that involve Nareva Holding and Taqa Morocco. Both groups intend to set up multiple joint‑venture companies, each owned 50‑50, with a minimum share capital of 85 %—meaning Nareva and Taqa will each hold 42.5 % of the equity.
Key Projects
- Renewable‑energy & desalination hubs: Joint ventures will build solar and wind farms whose electricity will power seawater‑desalination plants. Sites are earmarked in the Oriental, Souss‑Massa, Tangier, Tan‑Tan and Guelmim regions.
- Water‑transport infrastructure: New entities will manage the transfer of water between the Garde‑Sebou, Sidi Mohammed Ben Abdellah and Al Massira reservoirs, addressing the Kingdom’s growing water‑stress challenges.
- HVDC transmission line: A high‑voltage direct‑current corridor of roughly 3 000 MW will link the southern generation zones with the central grid, improving stability and reducing losses.
- Acquisition of Tahaddart Electricity: Nareva and Taqa have filed to jointly acquire the company that operates Tahaddart’s 400 MW combined‑cycle plant. The deal will create a new vehicle, “Tahaddart 2 & 3”, which will develop a two‑unit gas‑fired power plant delivering between 1 000 and 1 400 MW.
Strategic Context
These initiatives are part of Morocco’s broader strategy to boost its energy independence by blending renewable generation, flexible gas‑fired capacity, and robust transmission and water‑management infrastructure.
Regulatory Timeline
Interested third parties have ten days from the publication of the notice—until 16 March 2026—to submit observations to the Competition Council.