Morocco - Technical Assistance for the development of a Super ESCO

Project Summary

Approval Date 13 Jan 2021
Signature Date 06 Dec 2021
Planned Completion Date 01 Jan 2024
Last Disbursement Planned Date 31 Dec 2023
Sovereign / Non-Sovereign Sovereign
Sector Power
DAC Sector Code 23220
Environmental Category 3
Commitment U.A 724,888.07
Status Implementation

Project General Description

The Société d'Investissements Energétiques (SIE) is a public institution created in 2010 to stimulate investments, especially private investments in renewable energy (RE) and energy efficiency (EE). Due to Morocco's new strategic directions and to move from a pure financier to a facilitator, developer and investor, the Board of Directors (BoD) of SIE approved its transformation into an Energy Services Super Company (ESCO1) in October 2018. Under its new identity "Energy Engineering Company" (hereinafter referred to as the Super ESCO) EIS is exclusively dedicated to the execution of energy efficiency projects for the public buildings, street lighting, mobility and industrial sectors. An action plan and investment strategy was developed by PwC-Berliner Energieagentur GmbH as part of the repositioning study and approved by the Board of Directors (BoD) in January 2020. This new transformation into an ESCO service provider requires restructuring and the development of new technical, management and accounting procedures, tools and competences. In the past, EIS has already arranged financing for various EE projects (Marrakech city lighting: 87 million MAD (Moroccan Dirhams, indicative exchange rate: 1 USD = 8.97 MAD as of December 26, 2020), 37% energy savings; Green Mosques Program: 6 million MAD, 40% energy savings; Ministry of General Affairs and Governance: 1 million MAD, 49% energy savings).

Project Objectives

SEFA's planned Technical Assistance (TA) will enable the transformation of the EIS into a Super ESCO and help develop bankable EE projects. The two components of the SEFA TA are as follows: Component 1: Creating an Enabling Environment; and Component 2: Developing a Portfolio of Bankable EE Projects and Implementation Strategy. At the beginning of the TA project implementation, it is planned to recruit an independent individual consultant to assist the Super ESCO in the TA recruitment process.


The new entity (the Super ESCO) will be the beneficiary. It is the result of the transformation of the EIS, a public institution, created in 2010 to boost investments, especially private investments in EE & RE. The EIS Board decided to follow the experiences of other countries such as Croatia, Germany, India, United Arab Emirates, United States of America, Saudi Arabia and changed the focus of the company to focus exclusively on the execution of EE projects by acting as a national Super ESCO.

Participating Organization

Sustainable Energy Fund for Africa


IATI identifier 46002-P-MA-FZ0-002
Last Update 24 Mar 2023


Contact Details


Geographic Location

Country Morocco
Coordinates Location Name
34.0133 -6.83255 Rabat