Morocco - OCP Corporate Loan III


Project Summary

Approval Date 20 Sep 2023
Signature Date 19 Feb 2024
Sovereign / Non-Sovereign Non Sovereign
Sector Industry, Minning & Quarrying
DAC Sector Code 32110
Environmental Category: IF-B
Commitment U.A 113,949,725.38
Status Implementation

Project General Description

This operation concerns the Corporate loan to OCP SA as part of its Green Investment Program (GIP). The project entails the construction of three modular seawater desalination plants with a total annual capacity of 110 million cubic metres, entirely powered by renewable energy. The project is an essential component of the Green Investment Program and forms part of the Moroccan Government's Emergency Drinking Water Supply Plan. The expected development outcomes are i) additional household incomes from support for job creation and increased drinking water supply. ii) private sector development through improved market resilience and sustainability, local linkages, training and capacity building; and iii) social and gender-equality outcomes achieved through support for vulnerable groups and the promotion of gender equality and women's economic empowerment.

Project Objectives

The project aims to meet OCP's industrial needs (35 million m3 for the Safi and Jorf sites). It will provide potable water and new irrigation capacities to the cities of Safi and El Jadida and deliver up to 75 million m3 of drinking water for the local population, estimated at 1.5 million.

Beneficiaries

In addition to ensuring the autonomy of OCP Group's industrial and mining sites in terms of unconventional water, the cities of Safi and El Jadida and the areas around OCP's Safi and Jorf plants will benefit from drinking water from the project (up to 75 million m3 of drinking water for a local population estimated at 1.5 million).

Participating Organization

Funding
African Development Bank
Implementing
OCP SA

Information

IATI identifier 46002-P-MA-BB0-005
Last Update 14 May 2024

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Contact Details

Name Christelle N'GUESSAN-N'GBEINGNE
Email [email protected]

Geographic Location

Country Morocco
Coordinates Location Name
34.0133 -6.83255 Rabat