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The International Finance Corporation (IFC), an international financial institution and a member of the World Bank Group, has granted Morocco's OCP Group €100 million to build a cross-country water pipeline.
The project consists of a 219-kilometer water pipeline and a pumping station to transport desalinated water from OCP Group's desalination plants in Jorf Lasfar to Khouribga, according to a press release by IFC.
Construction works are already underway, with the pipeline's total capacity estimated to be at 80 million cubic meters per year (m³/year) upon completion.
The pipeline is part of OCP Group's water program delegated to its subsidiary OCP Green Water. The project is expected to supply 100 percent non-conventional water to the group by the end of 2024.
OCP plans to produce 560 million m³/year of desalinated water and 60 million m³/year of treated wastewater by 2027 through investments of $611 million. The pipeline will be powered by renewable sources.
It is worth noting that during the last three fiscal years, IFC invested and mobilized more than $1 billion to support sustainable economic development.
