The financing package includes a €120 million committed tranche, a €130 million uncommitted tranche, and a €5 million investment grant. It also marks the first EBRD loan in Morocco to benefit from a guarantee provided by Tamwilcom, the Kingdom’s national credit guarantee institution.
The funding will help ONEE improve the efficiency, resilience and sustainability of Morocco’s water production infrastructure through investments focused on reducing water losses, rehabilitating and expanding strategic facilities, strengthening climate resilience, and deploying digital technologies to improve network management.
The package also includes technical assistance to support ONEE’s climate governance strategy and develop a sustainability-linked financing framework, positioning the utility among the region’s early adopters of sustainable finance.
“This partnership reflects our shared commitment to strengthening Morocco’s water security at a time when the country is facing increasing pressure from climate change,” said Haytham Eissa, the EBRD’s Head of Morocco.
He added that the investment would support ONEE’s long-term transformation by embedding climate resilience and sustainability into its governance and financing framework, while highlighting the significance of the Tamwilcom guarantee as a first for EBRD operations in Morocco.
The EBRD has invested more than €6.2 billion in Morocco since launching operations in the country in 2012, financing projects across the private sector, sustainable infrastructure and the green transition.
The EBRD financing comes as ONEE embarks on an ambitious expansion of Morocco’s energy and water infrastructure.
Read also : Morocco’s ONEE to invest MAD 248 billion in energy transition and water security by 2030
The utility unveiled a MAD 248 billion investment plan for 2026-2030 to accelerate the country’s energy transition and strengthen water security.
The roadmap prioritizes renewable energy, electricity storage, transmission networks and desalination capacity, with nearly three-quarters of the funding expected to come from private investors.
ONEE Director General Tarik Hamane said the plan is designed to help Morocco address mounting water stress, rising electricity demand and volatile energy markets while accelerating decarbonization and attracting greater private-sector participation.
