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ADNA advises the lenders on the EUR500m financing of the Casablanca Desalination Project

ADNA is proud to have advised Bank of Africa, BCP Banque Centrale Populaire, Attijariwafa Bank, Société Générale CIB, FIEM/ICO Instituto de Crédito Oficial on this pioneering SWRO PPP in Morocco, powered by 100% renewable wind energy and including a fully integrated water transportation system. It is the first in a series of initiatives to sustainably improve Morocco’s water security, contributing to SDG 6 re safe drinking water and sanitation for all. The sponsor consortium was led by Acciona with ACWA Power subsidiaries Afriquia Gaz and Green of Africa.

Safia Fassi-Fihri, who led the ADNA team on the ground in Casablanca commented: “This project is a game-changer for Morocco and the continent from a climate resilience and sustainable infrastructure perspective – supplying drinking water and irrigation to more than 7.5 million people in the Casablanca-Setta area.”

The ADNA team was led by Safia Fassi-Fihri (partner) and Youssef Benamar (partner), Ghita Bennis (counsel), Salimata Sow (associate) and Laila Boujida (associate). White & Case advised as international counsel.