Rabat, Morocco – Morocco on Monday signed deals with an Emirati-Moroccan consortium for energy and water infrastructure projects, which according to one of the companies involved were worth more than $14 billion.
The total investment amounts to nearly 130 billion dirhams (approximately $14 billion) by 2030, Taqa Morocco said in a separate statement.
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 to Casablanca, 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.
