In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 adopted for its implementation, as amended and supplemented, the Competition Council makes available to the public the \u201coperation summary\u201d below, containing the information provided by the parties.<\/p>\n
This information has been prepared by the notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed operation.<\/p>\n
The publication of this statement does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 adopted for the implementation of Law No. 104-12 on freedom of prices and competition as amended and supplemented.<\/p>\n
Names of the companies and groups concerned:<\/strong><\/p>\n Nature of the operation:<\/strong><\/p>\n Economic sectors concerned:<\/strong><\/p>\n Deadline for interested third parties to submit their observations:<\/strong><\/p>\n NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES<\/strong><\/p>\n The Competition Council has received notification of an economic concentration project concerning the creation by the company \u201cNareva Holding\u201d and the company \u201cTaqa Morocco\u201d, with a minimum ownership of 85% held equally (42.5% each), of several joint ventures (the Renewable Energy JV(s)), the \u201cDesalination JVs\u201d and the Water Transport JV(s).<\/p>\n \u201cTaqa Morocco\u201d<\/strong> is a public limited company listed on the Casablanca Stock Exchange since December 2013, with a share capital of 2,358,854,200 dirhams and its registered office at Commune Moulay Abdellah, Route r\u00e9gionale 301, PK 23, Centrale Thermique de Jorf Lasfar, El Jadida. It is currently the leading private electricity producer in Morocco with, in 2024, six production units with a total capacity of 2,056 MW.<\/p>\n \u201cNareva Holding\u201d is a public limited company, established in 2004, with a share capital of 2,037,300,000 dirhams, and its registered office at Casablanca, Twin Center Tour A, 28th floor, boulevard Massira Al Khadra, Morocco, registered with the Casablanca Trade Register under number 131651. It is a key player in electricity production and water management, with projects in operation and development including wind farms, thermal power plants, and industrial irrigation and desalination units.<\/p>\n The Renewable Energy JV(s) will be responsible for the development, design, financing, construction, operation, and maintenance of renewable energy projects, with the electricity produced intended for the Desalination JVs.<\/p>\n The \u201cDesalination JVs\u201d will be responsible for the development, design, financing, construction, operation, and maintenance of a desalination plant in the Oriental, Souss-Massa, Tanger, Tan-Tan, and Guelmim regions.<\/p>\n The Water Transport JV(s) will be responsible for the development, design, financing, construction, operation, and maintenance of a water transfer infrastructure project including the additional section between the Garde Sebou dam and the Sidi Mohammed Ben Abdellah dam and the link between the Sidi Mohammed Ben Abdellah dam and the Al Massira dam.<\/p>\n This operation is part of the strategic objective to address water stress by implementing and operating strategic infrastructure in the water sector.<\/p>\n <\/p>\n Done in Rabat on March 5, 2026<\/p>\n","protected":false},"excerpt":{"rendered":" In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 adopted for its implementation, as amended and supplemented, the Competition Council makes available to the public the \u201coperation summary\u201d below, containing the information provided by the parties. This information has been prepared by the notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed operation. The publication of this statement does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 adopted for the implementation of Law No. 104-12 on freedom of prices and competition as amended and supplemented. Names of the companies and groups concerned: Founding party No. 1: \u201cNareva Holding\u201d Founding party No. 2: \u201cTaqa Morocco\u201d Name of the joint ventures: \u201cthe Renewable Energy JV(s)\u201d dedicated to renewable energy production for desalination, the \u201cDesalination JVs\u201d dedicated to desalination plants, and the Water Transport JV(s) dedicated to water transport. Nature of the operation: Creation of joint ventures. Economic sectors concerned: Production of renewable energies. Desalination of seawater. Water transport. Deadline for interested third parties to submit their observations: 10 days from the date of publication of this statement, i.e. March 16, 2026. NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES The Competition Council has received notification of an economic concentration project concerning the creation by the company \u201cNareva Holding\u201d and the company \u201cTaqa Morocco\u201d, with a minimum ownership of 85% held equally (42.5% each), of several joint ventures (the Renewable Energy JV(s)), the \u201cDesalination JVs\u201d and the Water Transport JV(s). \u201cTaqa Morocco\u201d is a public limited company listed on the Casablanca Stock Exchange since December 2013, with a share capital of 2,358,854,200 dirhams and its registered office at Commune Moulay Abdellah, Route r\u00e9gionale 301, PK 23, Centrale Thermique de Jorf Lasfar, El Jadida. It is currently the leading private electricity producer in Morocco with, in 2024, six production units with a total capacity of 2,056 MW. \u201cNareva Holding\u201d is a public limited company, established in 2004, with a share capital of 2,037,300,000 dirhams, and its registered office at Casablanca, Twin Center Tour A, 28th floor, boulevard Massira Al Khadra, Morocco, registered with the Casablanca Trade Register under number 131651. It is a key player in electricity production and water management, with projects in operation and development including wind farms, thermal power plants, and industrial irrigation and desalination units. The Renewable Energy JV(s) will be responsible for the development, design, financing, construction, operation, and maintenance of renewable energy projects, with the electricity produced intended for the Desalination JVs. The \u201cDesalination JVs\u201d will be responsible for the development, design, financing, construction, operation, and maintenance of a desalination plant in the Oriental, Souss-Massa, Tanger, Tan-Tan, and Guelmim regions. The Water Transport JV(s) will be responsible for the development, design, financing, construction, operation, and maintenance of a water transfer infrastructure project including the additional section between the Garde Sebou dam and the Sidi Mohammed Ben Abdellah dam and the link between the Sidi Mohammed Ben Abdellah dam and the Al Massira dam. This operation is part of the strategic objective to address water stress by implementing and operating strategic infrastructure in the water sector. Done in Rabat on March 5, 2026<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[352],"tags":[],"class_list":["post-47043","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"\n\n
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