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Macron hopes for defence, energy and tech deals in Asia
Macron hopes for defence, energy and tech deals in Asia

Yahoo

time25-05-2025

  • Business
  • Yahoo

Macron hopes for defence, energy and tech deals in Asia

French President Emmanuel Macron is hoping to strike defence, energy and tech innovation deal, as he arrived in Vietnam for the start of a roughly week-long trip in Asia. Macron arrived in Hanoi on Sunday, marking the first trip to Vietnam by a French president in nearly a decade. After Vietnam, Macron will then go to Indonesia and finish up in Singapore, where he will speak at the annual Shangri-La Dialogue, Asia's top defence conference. Macron's visit comes as France and the European Union aim to strengthen their commercial ties in Asia to offset uncertainty over US President Donald Trump's tariff measures. Après un long voyage, nous arrivons à Hanoï avec la délégation franç étape d'une tournée stratégique au Vietnam, en Indonésie puis à Singapour. C'est dans cette région de l'Indopacifique que se joue une part de notre avenir à tous, Françaises et Français.… — Emmanuel Macron (@EmmanuelMacron) May 25, 2025 "I am coming here to strengthen our ties in key areas - defence, innovation, the energy transition, and cultural exchanges," Macron said on X. Macron will present France and Europe as defenders of international cooperation and rules-based trade, at a time when other world powers such as the US under Trump and China use more "coercive" or "predatory" methods. "France is a reliable partner, one which believes in dialogue and co-operation," Macron said on X.

Macron Kicks Off Asia Tour in Vietnam With Focus on Energy
Macron Kicks Off Asia Tour in Vietnam With Focus on Energy

Bloomberg

time25-05-2025

  • Business
  • Bloomberg

Macron Kicks Off Asia Tour in Vietnam With Focus on Energy

French President Emmanuel Macron is expected to focus on energy, transport and infrastructure during his state visit to Vietnam, the first stop of his Southeast Asian tour as he seeks to shore up alliances in the region. Macron will hold talks with Vietnam's top leaders in Hanoi Monday. An agreement on a power grid project between the French Development Agency and Vietnam's National Power Transmission Corporation is set to be one of the deals sealed during his visit, according to state media.

Strategic partnership between the Government of Morocco and TAQA Morocco, Nareva, ONEE and the Mohammed VI Investment Fund
Strategic partnership between the Government of Morocco and TAQA Morocco, Nareva, ONEE and the Mohammed VI Investment Fund

Zawya

time21-05-2025

  • Business
  • Zawya

Strategic partnership between the Government of Morocco and TAQA Morocco, Nareva, ONEE and the Mohammed VI Investment Fund

Casablanca, Morocco: As part of the implementation of the commitments made in the joint declaration between His Majesty King Mohammed VI, may God Assist Him, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, TAQA Morocco, in partnership with Nareva and the Mohammed VI Fund for Investment, has signed three memorandums of understanding and related development agreements with the Government of Morocco and ONEE. These agreements cover the development of structuring projects in the power, water and renewable energy sectors. The program aims to strengthen the Kingdom's water and energy sovereignty through the development of flexible natural gas-based power generation capacity, seawater desalination and water transport infrastructure, and a new power transport line between the south and center of the Kingdom. Involving a total investment of around 130 billion dirhams by 2030, this partnership will enable: - The production of 900 million m³ of desalinated water and the transport of 800 million m³ through the water highway project. - The acquisition of the Tahaddart gas-fired power plant (400 MW) and the addition of 1,100 MW of combined-cycle capacity. - The development of 1,200 MW of renewable energies under contract with ONEE, as well as an HVDC line of around 3,000 MW. All of these projects will be equally owned by TAQA Morocco and Nareva, with a 15% stake held by Fonds Mohammed VI pour l'Investissement. Abdelmajid Iraqui Houssaini, Chairman of the Board of TAQA Morocco: 'This strategic public / private partnership will contribute to significantly and sustainably transform the domestic water and energy landscape in Morocco with the enhancement of desalination capacities and water transmission. It reinforcsereinforces the transmission network with a higher contribution of gas-fired power generation in Morocco's baseload to increase the integration of renewable energy important investment programme will also accelerate the growth and diversification of TAQA Morocco's business portfolio.' About TAQA Morocco: *Source: AETOSWire

Strategic Partnership Between the Government of Morocco and TAQA Morocco, Nareva, ONEE and the Mohammed VI Investment Fund to Develop Key Power and Water Infrastructures in the Kingdom of Morocco
Strategic Partnership Between the Government of Morocco and TAQA Morocco, Nareva, ONEE and the Mohammed VI Investment Fund to Develop Key Power and Water Infrastructures in the Kingdom of Morocco

National Post

time20-05-2025

  • Business
  • National Post

Strategic Partnership Between the Government of Morocco and TAQA Morocco, Nareva, ONEE and the Mohammed VI Investment Fund to Develop Key Power and Water Infrastructures in the Kingdom of Morocco

Article content CASABLANCA, Morocco — As part of the implementation of the commitments made in the joint declaration between His Majesty King Mohammed VI, may God Assist Him, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, TAQA Morocco, in partnership with Nareva and the Mohammed VI Fund for Investment, has signed three memorandums of understanding and related development agreements with the Government of Morocco and ONEE. These agreements cover the development of structuring projects in the power, water and renewable energy sectors. Article content Article content The program aims to strengthen the Kingdom's water and energy sovereignty through the development of flexible natural gas-based power generation capacity, seawater desalination and water transport infrastructure, and a new power transport line between the south and center of the Kingdom. Article content Involving a total investment of around 130 billion dirhams by 2030, this partnership will enable: Article content The production of 900 million m³ of desalinated water and the transport of 800 million m³ through the water highway project. The acquisition of the Tahaddart gas-fired power plant (400 MW) and the addition of 1,100 MW of combined-cycle capacity. The development of 1,200 MW of renewable energies under contract with ONEE, as well as an HVDC line of around 3,000 MW. Article content All of these projects will be equally owned by TAQA Morocco and Nareva, with a 15% stake held by Fonds Mohammed VI pour l'Investissement. Article content Abdelmajid Iraqui Houssaini, Chairman of the Board of TAQA Morocco: 'This strategic public / private partnership will contribute to significantly and sustainably transform the domestic water and energy landscape in Morocco with the enhancement of desalination capacities and water transmission. It reinforces the transmission network with a higher contribution of gas-fired power generation in Morocco's baseload to increase the integration of renewable energy sources. This important investment programme will also accelerate the growth and diversification of TAQA Morocco's business portfolio.' Article content Article content Article content Article content Article content Article content

TAQA Morocco and partners eye AED52bn in Moroccan energy and desalination projects
TAQA Morocco and partners eye AED52bn in Moroccan energy and desalination projects

Arabian Business

time20-05-2025

  • Business
  • Arabian Business

TAQA Morocco and partners eye AED52bn in Moroccan energy and desalination projects

TAQA Morocco Group (AQA Morocco), a subsidiary of Abu Dhabi National Energy Company, along with Nareva, an Al Mada Group arm, and the Mohammed VI Investment Fund, a Moroccan sovereign fund, announced signing a pact with the Moroccan government to explore the acquisition of a slew of energy and desalination projects in the African country. The three entities signed a Memorandum of Understanding (MoU) with the Office National de l'Electricité et de l'Eau potable (ONEE), besides the Moroccan government, to explore the acquisition of an existing Combined Cycle Gas Turbine (CCGT) power plant, the development of new flexible low-carbon gas-fired power and renewable power generation projects. The shopping list for acquisitions also includes seawater desalination projects, water transmission infrastructure and electricity transmission infrastructure in the Kingdom of Morocco, TAQA said in a media release. Under the MoUs, TAQA Morocco and its public and private partners will jointly explore the development of low-carbon power and water generation and transmission assets with a potential investment of approximately $14.15 billion (AED 52 billion) in Morocco to support its energy transition and water security. The scope of the MoUs includes new seawater desalination projects with approximately 2.5 million cubic metres per day capacity, development of water transmission networks with a capacity of approximately 2.2 million cubic metres per day, acquisition of an existing 400 MW CCGT power plant in Tahaddart, north of Morocco, potential development of 1,100 MW of greenfield CCGT power projects; and the development of new 3,000 MW high voltage direct current transmission infrastructure connecting the South to the Centre of Morocco. The agreement also envisaged 1,200 MW of new renewable energy projects. Farid Al Awlaqi, Chairman of the Supervisory Board of TAQA Morocco and Chief Executive Officer, Generation at TAQA Group, said the latest announcement is a testament to the company's track record and commitment to diversifying its portfolio and transitioning to lower-carbon energy alternatives to accelerate sustainable development in the Kingdom. 'This collaboration plays a significant role in supporting TAQA's growth ambitions for 2030 with the exploration of developing up to 2.7 GW of low-carbon CCGT and renewable power generation capacity which includes the acquisition of an existing 400 MW CCGT plant, more than 542 MIGD of sustainable RO water desalination capacity, and power and water transmission infrastructure,' he said. The latest announcement follows UAE President Sheikh Mohamed bin Zayed Al Nahyan and King Mohammed VI of the Kingdom of Morocco signing a declaration in December 2023 to establish a 'solid and innovative partnership' in efforts to develop bilateral economic, trade, and investment cooperation.

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