Global law firm Norton Rose Fulbright has advised a consortium comprising Spanish company Abengoa SA and investment fund InfraMaroc SA (CDG Group), on the financing of 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.
With a production capacity of 275,000 m3 / d which is expandable to 400,000 m3 / d, this desalination project will be one of the largest in the world, and will in the future be fueled 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. The financing for the almost MAD 4bn project will be provided by the Kingdom of Morocco, BMCE Bank and private partners.
Alain Malek, corporate partner and co-head of the Casablanca office, Norton Rose Fulbright, commented:
<p.>"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."</p.>
The Norton Rose Fulbright team advising Abengoa and InfraMaroc on the financing of the Souss-Massa plant project was led by of counsels Anne-Laure Bernard-Bouissières, Godefroy Le Mintier (contractual aspects) and Mathieu Dahan (contractual, construction and real-estate aspects), assisted by Ismaël Sinaceur.
For further information please contact:
Carole Guettier, Senior business development manager, Norton Rose Fulbright LLP
Tél: + 33 (0)1 56 59 52 75
Charles Billiard, Communication Executive, Norton Rose Fulbright LLP
Tél: + 33 (0)1 56 59 52 96
Notes for editors:
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