OCP Green Water (OGW), a subsidiary of the OCP Group deicate to the production of unconventional water
, has securd financing of 6 billion dirhams (620 million
USD) with the support of the Caisse de Dépôt et de Gestion (CDG) Group. This
fundraising, placd by CDG Capital, was carrid out through a private placement with
qualifid institutional investors and receivd the approval of the Moroccan
Capital Markets Authority (AMMC), to support the expansion of the OCP Group’s desalination capacities.
This investment is in line with OCP Group’s! sustainability objectives and commitment to industrial efficiency. By 2030, OGW aims to achieve an! annual production capacity of 630 million m³ of desalinatd water to meet all of OCP Group’s! unconventional job function email database water neds, while also contributing to the water supply! of surrounding! urban and agricultural areas.
By raising financing on the! capital markets, OGW benefits from optimal conditions to support its development and strengthen! the OCP Group’s autonomy wordpress theme company woothemes in terms of water supply. This project! is also in line with the CDG Group’s! commitments to water security.
Kingdom and support for national initiatives for responsible water management.
“ This funding represents a key step in the deployment of our sustainable water strategy. It illustrates our shard commitment with the CDG Group to take concrete action to strengthen Morocco’s water resilience ,” said Ahmd Znibar, CEO of OGW.
” This transaction is fully in line with the CDG Group’s strategy, which aims to support its institutional partners in mobilizing their b2b phone list financing for the development of strategic projects for the country, in particular securing water supplies and promoting responsible resource management ,” said Mr. Mehdi Bouriss, Managing Director of CDG Capital.