Early Warning System

Regions

Middle East and North Africa

Geographic location where the impacts of the investment may be experienced.

Countries

Morocco

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

European Bank for Reconstruction and Development (EBRD)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Proposed

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Jul 22, 2026

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

Government of Morocco - National de l'Electricite et de l'Eau Potable

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Infrastructure
Water and Sanitation

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Guarantee, Loan

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 291.37 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 250
Converted using 2026-05-18 exchange rate.

Project Cost (USD)

$ 297.20 million

Bank Documents

Primary Source

Original disclosure @ EBRD website

Updated in EWS Jul 2, 2026

Disclosed by Bank May 18, 2026

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to bank provided information, the investment involves the provision of up to EUR 250 million loan in favour of Office National de l'Electricite et de l'Eau Potable ("ONEE"), including a committed Tranche A of EUR 120 million and an uncommitted Tranche B of EUR 130 million, to finance ONEE's Water Performance Improvement Programme. The EBRD loan will be guaranteed by Societe Nationale de Garantie et de Financement de l'Entreprise ("SNGFE").

The Project will improve the efficiency, reliability and resilience of Morocco's potable water supply systems. The financing will enable the rehabilitation and upgrading of water infrastructure to reduce non-revenue water, improve network performance and ensure continuity of service for end-users nationwide, while supporting the modernisation of metering and monitoring systems.

Early Warning System Project Analysis

For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Categorised B (2024 ESP). Key E&S risks and issues to be considered for this multi-site water network rehabilitation programme project include: the client's E&S management capacity; management of non-employee and contractor workers during construction; gender considerations; community health and safety; temporary land access restrictions; physical or economic displacement; impacts on sensitive biodiversity areas; and stakeholder engagement and grievance mechanism.

At this stage, detailed information on the extent of any capacity expansion, any physical footprint expansion or impact to sensitive biodiversity areas is not yet available.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

Provision of up to EUR 250 million loan, including a committed Tranche A of EUR 120 million and an uncommitted Tranche B of EUR 130 million.

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Office National de l'Electricite et de l'Eau Potable ("ONEE") is Morocco's stateiowned national electricity and water utility responsible for electricity generation and potable water production. Through its Water business, ONEE is responsible for the planning, development and operation of strategic potable water production infrastructure nationwide, playing a central role in strengthening the security of potable water production and conveyance in a context of increasing water stress.

The EBRD loan will be guaranteed by Societe Nationale de Garantie et de Financement de l'Entreprise ("SNGFE").

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Faycal Belfqih
fbelfkih@onee.ma

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html