Moroccan National Electricity and Water Utility (ONEE) - Morocco Ifahsa Pumped Hydropower Storage (PHS) Project - Absence-of-Objection Approval on July 1, 2026

Jul 19, 2026

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Approval on an absence-of-objection basis was recorded for the Morocco Ifahsa Pumped Hydropower Storage (PHS) Project benefiting the Moroccan National Electricity and Water Utility (ONEE). On July 1, 2026, the Executive Directors approved financing of US$265 million for ONEE to support the project under the terms and conditions stated in the President’s Memorandum (R2026-0150, dated June 11, 2026). Lailee Jane Moghtader was noted as abstaining.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages1

Reading Time3 min

Approval Notice

Project and Beneficiary

Financing Terms and Source

Abstention Record

FAQs

What project was approved on an absence-of-objection basis?

The Morocco Ifahsa Pumped Hydropower Storage (PHS) Project.

Who is the beneficiary of the approved financing?

The Moroccan National Electricity and Water Utility (ONEE).

How much financing was approved and under what terms?

US$265 million was approved on July 1, 2026 under the terms and conditions in the President’s Memorandum (R2026-0150, dated June 11, 2026).

Was there any director noted as abstaining?

Yes. Lailee Jane Moghtader was recorded as abstaining.

Jul 19, 2026

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