Synergy Consulting has been appointed as the Financial Advisor to Office National de l’Electricite et de l’Eau Potable (ONEE) for procurement of a desalination plant in the Casablanca-Settat region of Morocco.
According to a company statement, Synergy will help ONEE with risk analysis, finalising the procurement model and tendering of the contracts for the PPP project.
Energy & Utilities reports that Morocco, in recent years, has begun to use the PPP model to develop critical desalination and water projects to reduce capex pressure on government accounts.
This will be Synergy’s first procurement advisory engagement in the French language. This Project is a testament to Synergy’s growing multilingual strength.
Morocco is enduring the worst drought in the past 40 years, a situation that could lead to drinking water shortages. Since September there has been little precipitation, with reservoirs receiving only 11% of the water they usually would on an average year.
The Moroccan Minister of Agriculture, Maritime Fishing, Rural Development and Water and Forests, Mohammed Sadiki, said in January that the Chtouka-Ait Baha desalination plant would be commissioned in February.
Construction works on the Chtouka-Ait Baha PPP desalination plant started in 2018, with the reverse osmosis (RO) plant to produce 400,000 cubic metres of potable water a day. The project required total investment of around $478 million.