Norton Rose Fulbright advises Abengoa and InfraMaroc on the launch of one of the world's largest shared water seawater desalination plant

Business July 5, 2017

Global law firm Norton Rose Fulbright has advised a consortium comprising Spanish company Abengoa SA and investment fund InfraMaroc SA (CDG Group), on the structuring, drafting and negotiation of contractual documentation relating to 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. The project signed on June 29, 2017.

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 including the Ministry of Agriculture, Maritime Fishing, Rural Development and Water and Forests, Regional Office for the Development of Souss-Massa and ONEE.

Financing for the almost MAD 4 billion project will be provided by the Kingdom of Morocco, private partners, and a bank loan.

Alain Malek, corporate partner and co-head of the Casablanca office, Norton Rose Fulbright, commented:

"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."

The Norton Rose Fulbright team advising Abengoa and InfraMaroc at this stage of the Souss-Massa plant project was led by of counsels Godefroy Le Mintier and Mathieu Dahan, assisted by Ismaël Sinaceur. Anne-Laure Bernard-Bouissières, of counsel, led on the financing aspects of the deal.

Other advisors:

The Ministry of Agriculture, Maritime Fishing, Rural Development and Water and Forests and the Regional Office for the Development of Souss-Massa were advised by Maria Bahnini on legal issues and by Hassan Benabderrazik on financial and technical matters, both through Agro Concept and BRLi.

For further information please contact:

Carole Guettier, Senior business development manager, Norton Rose Fulbright LLP
Tél: + 33 (0)1 56 59 52 75
carole.guettier@nortonrosefulbright.com

Charles Billiard, Communication Executive, Norton Rose Fulbright LLP
Tél: + 33 (0)1 56 59 52 96
charles.billiard@nortonrosefulbright.com

Notes for editors:

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