What TAQA Morocco does

TAQA Morocco S.A. is Morocco's largest private electricity producer and a publicly listed subsidiary of Abu Dhabi-based TAQA Group PJSC, trading on the Casablanca Stock Exchange under the ticker TAQA. Founded in 1997, the company operates an integrated energy and water portfolio anchored by the Jorf Lasfar thermal power plant, supplemented by combined cycle gas turbine (CCGT) facilities, electricity transmission, renewable energy assets, and water production and distribution operations. With 2,056 MW of installed capacity, TAQA Morocco supplies approximately 34% of Morocco's national electricity demand, serving around 15 million citizens, and has deployed more than MAD 30 billion of cumulative investment since inception.

The company's business model is primarily B2B/B2G, selling electricity to the national grid operator ONEE under long-term power purchase agreements and participating in regulated water infrastructure concessions. Revenue is recurring and contract-based, with pricing governed by regulatory frameworks. Major operating subsidiaries include Jorf Lasfar Energy Company 5&6 (JLEC 5&6), which was refinanced in September 2023 with a MAD 6.6 billion facility maturing in 2042. The company is now extending its asset base into green hydrogen and ammonia production through a consortium with Moeve (announced February 2026 under Morocco's Green Hydrogen Offer) and is examining broader financing arrangements with JBIC for projects through 2030.

Strategically, TAQA Morocco is repositioning from a single-asset thermal operator to a diversified low-carbon platform spanning renewables, water, transmission, and green molecules. In July 2026 the group announced a strategic reorganization including the carve-out of JLEC operations, alongside the launch of community programs such as the TAQA Morocco for Community Water Challenge. While the company has no disclosed AI/ML capabilities, its digital footprint includes an eSourcing procurement platform and investor-facing ESG reporting infrastructure. The CEO and Chairman of the Management Board is Abdelmajid Iraqui Houssaini.

Name

TAQA Morocco

Legal name

TAQA MOROCCO

Website

https://taqamorocco.ma

Company type

Public

Founded year

1997

Operating status

Operating

Headcount range

251–500 employees

Short description

TAQA Morocco is Morocco's largest private electricity producer, supplying 34% of national demand (~15 million citizens) via 2,056 MW of thermal, CCGT, and renewable capacity, while expanding into water infrastructure and green hydrogen production.

Ownership category

akta.pro rank

Headquarters

HQ city

El Jadida

HQ country

Morocco

HQ region

Africa

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Supply Chain, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Electricity Generation and Transmission: Power generation and transmission services supplying electricity to Morocco's national grid, with 34% share in national electricity demand and serving 15 million citizens.
2. Water Infrastructure: Water production and distribution services as part of integrated energy-water portfolio.
3. Green Hydrogen and Derivatives: Future revenue stream from green ammonia and e-fuels production through strategic green hydrogen project with Moeve consortium.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

TAQA Morocco is Morocco's largest private electricity producer, operating an integrated energy and water portfolio that includes the 2,056 MW Jorf Lasfar thermal power plant, combined cycle gas turbine (CCGT) generation, electricity transmission and renewable energy assets, water production and distribution, and a green hydrogen and green ammonia project developed in consortium with Moeve. The company supplies approximately 34% of Morocco's national electricity demand, serving around 15 million citizens, and complements its utility operations with an eSourcing digital procurement platform.

Product overview

TAQA Morocco is an integrated energy and water company operating as Morocco's largest private electricity producer. The company operates a diversified portfolio combining thermal power generation (Jorf Lasfar), transmission and renewables, combined cycle gas turbines (CCGT), water production and distribution, and strategic green hydrogen initiatives. With 2,056 MW installed capacity and MAD 30+ billion in investments since 1997, TAQA Morocco supplies electricity to 15 million citizens (34% of national demand). The company also maintains an eSourcing platform for supplier management and runs community programs supporting water innovation. The product portfolio is structured around core power and water infrastructure assets enhanced by digital platforms and sustainability-driven initiatives.

Differentiator

Problem solved

Functional benefit

Brands

• TAQA Morocco for Community: The company's CSR and community engagement initiative focused on sustainable development, water management innovation, and social responsibility programs.

Products and services

• Thermal Power Plant (Centrale thermique) Thermal power generation facility at Jorf Lasfar, part of Morocco's largest private power producer; provides electricity to approximately 15 million citizens, representing 34% of national electricity demand.
• CCGT (Combined Cycle Gas Turbine) Combined cycle gas turbine power generation technology providing efficient thermal power production as part of the integrated energy portfolio.
• Transmission & Renewables Electricity transmission infrastructure and renewable energy development operations, supporting the company's diversification into low-carbon energy sources.
• Water (Eau) Water production and distribution operations addressing Morocco's water resource challenges, including treatment and sustainable water management solutions.
• Green Hydrogen (Hydrogène vert) Green hydrogen production initiative developed in partnership with Moeve, selected by Morocco's Green Hydrogen Offer. The project includes green ammonia and e-fuel production at sites in Dakhla and Jorf Lasfar.
• eSourcing Platform Electronic procurement platform for commercial partners to dematerialize transactions throughout the supplier relationship lifecycle, including registration, RFQ/RFI access, and purchase order tracking.

Quantifiable outcome

• 34% of Morocco's national electricity demand met by TAQA Morocco
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• MoevecoreStrategic or Co-development Partner · 6 February 2026TAQA Morocco and Moeve have formed a consortium to develop a large-scale green hydrogen and green ammonia production project in Morocco. The project, selected by the steering committee of Morocco's Green Hydrogen Offer, involves TAQA Morocco supplying renewable energy components at a site in Dakhla region, while Moeve handles e-fuels production and marketing at Port of Jorf Lasfar. The partnership aims to contribute to decarbonization and green mobility solutions.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Emerging players

• Masdar: Abu Dhabi-based renewable energy developer (TAQA Group peer within Abu Dhabi's energy ecosystem) with active green hydrogen projects in Morocco. Comparable as a green hydrogen/ammonia competitor chasing the same Morocco Green Hydrogen Offer.

Broad incumbents

• Endesa: Spanish utility with historical presence in Morocco's generation market via its Endesa Maroc unit. Comparable as a regulated/IPA utility operating generation and supplying electricity to Moroccan end users and grid.
• ENGIE: French multinational utility with active operations in Morocco including power generation and renewable energy. Comparable integrated energy portfolio (thermal-to-renewables transition) and government/B2B contracting model in Morocco.
• ACWA Power: Saudi-based international IPP and developer of power and desalination projects across Morocco, the Middle East, and Africa. Comparable as a large-scale private power producer pursuing decarbonization and green hydrogen/ammonia in the same regional market as TAQA Morocco.
• EDF Renewables: Renewable energy arm of French utility EDF, active in Morocco's solar and wind projects. Comparable as a competitor for renewable IPP contracts and a partner in Morocco's energy transition pipeline.
• Iberdrola: Global renewable energy leader with growing presence in Morocco via wind and solar developments. Comparable as a utility pivoting from conventional generation to renewables, and a competitor for IPP/PPA contracts in Morocco's energy transition.

Others

• ONEE (Office National de l'Électricité et de l'Eau Potable): Morocco's national electricity and water utility, principal off-taker of TAQA Morocco's power. Relevant as a customer/counterparty and as the state actor setting the regulatory framework for IPPs in Morocco.
• Cummins Cogeneration Kenya / Africa Geothermal IPPs: Engine and turbine manufacturers and IPP operators across Africa. Selected as a thematic reference for utilities combining thermal generation, CCGT, and renewable expansion in emerging markets — analogous technology stack to TAQA Morocco's.

Direct peers

• Nareva (Al Mada): Moroccan integrated energy operator owned by Al Mada, active in power generation, renewables, and water. Direct peer competing for the same Moroccan IPP concessions, renewable tenders, and water infrastructure opportunities.

Regional players

• Orascom Construction: Egypt-based construction and infrastructure group with Moroccan power and water EPC experience. Comparable as a regional player executing large-scale power and water infrastructure projects adjacent to TAQA Morocco's asset base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCexample
• Facebookfacebook.com/TAQAMoroccoOfficial
• Xx.com/TAQAMorocco

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TAQA Morocco