Global law firm Norton Rose Fulbright has advised a consortium comprising Spanish company Abengoa SA and investment fund InfraMaroc SA (CDG Group), on the structuring, drafting and negotiation of contractual documentation relating to a seawater desalination plant in Morocco.
The purpose of the plant is to provide irrigation and drinking water supply in the Grand Agadir and Souss-Massa regions. The project signed on June 29, 2017.
With a production capacity of 275,000 m3 / d which is expandable to 400,000 m3 / d, the desalination project will be one of the largest in the world, and will in the future be fuelled by renewable energies. The project is structured as a PPP (Public Private Partnership) which sees collaboration between a number of private organisations and public bodies including the Ministry of Agriculture, Maritime Fishing, Rural Development and Water and Forests, Regional Office for the Development of Souss-Massa and ONEE.
Financing for the almost MAD 4 billion project will be provided by the Kingdom of Morocco, private partners, and a bank loan.
Alain Malek, corporate partner and co-head of the Casablanca office, Norton Rose Fulbright, commented:
"Our team is particularly proud to have assisted Abengoa and InfraMaroc, with whom we have worked with for many years. It is great to be part of a project which to our knowledge, is unique."
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