OCP Green Water (IFC-49203)

Countries
  • Morocco
Geographic location where the impacts of the investment may be experienced.
Specific Location
Jorf Lasfar, BP 118, Province El Jadida
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
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
B
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."
Borrower
OCP S.A.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Industry and Trade
  • Mining
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 100.00 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.
Project Cost (USD)
$ 486.00 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.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Jul 24, 2024

Disclosed by Bank May 21, 2024

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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 the Bank’s website, the Project consists of a corporate debt facility to OCP SA for the design and construction of a 219km pipeline to bring the desalinated water produced in OCP’s existing and future desalination plants in Jorf Lasfar to reservoirs located near its extraction sites in Khouribga. With a capacity of 80 million m3 p.a., the pipeline is designed to transfer desalinated water to several discharge locations at Beni Amir Expansion, Khouribga Basin and Beni Amir wash plant. The Project is part of OCP’s sustainability strategy that aims to supply 100% of its water needs from non-conventional sources by 2024.

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.

This is a Category B project according to IFC’s Policy on Environmental and Social Sustainability as the Environmental and Social (“E&S”) impacts associated with the project are limited, generally site-specific, and readily addressed through mitigation measures. Key E&S issues and risks relate to OCP’s systems, commitment and capacity to manage E&S risks during construction and operation; PS compliant Environment and Social Impact assessment for the project; construction management including labor and working conditions; and biodiversity management.

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

The Project cost is estimated at approximately US$486 million. The proposed IFC investment comprises up to EUR 100m A-Loan for IFC’s Own Account.

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.

OCP SA, a state-owned enterprise, is a fully integrated phosphate fertilizer producer with operations at every stage from mining to processing to sales of phosphate products. The Company is the largest producer and exporter of phosphate rock and phosphoric acid globally. OCP’s shareholders are the Moroccan State and other minority shareholders with, respectively, 94.1% and 5.9% ownership.

OCP SA (“OCP” or the “Company,” https://www.ocpgroup.ma/) launched in 2022 its green investment program, with clear objectives to (i) supply OCP with 100% non-conventional water by 2024, (ii) ensure the supply of drinking water to neighboring towns, and (iii) engage in the development of high value-added agricultural activities.

The Project will be implemented by OCP, through its 100%-owned subsidiary OCP Green Water.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - OCP Group Client -

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.

OCP S.A.
Ahmed Znibar
CEO, OCP Green Water
+212 (0)5 22 23 00 25
znibar@ocpgroup.ma
Jorf Lasfar, BP 118, Province El Jadida, Maroc
https://www.ocpgroup.ma/

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org

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How it works