Profile, Strategy and Benchmarks Adopted


TAQA Morocco, a subsidiary of the Abu Dhabi National Energy Company PJSC (TAQA), is the leading private Independent Power Producer (IPP) in Morocco to be listed on the Casablanca Stock Exchange. Through the Jorf Lasfar Thermal Power Complex, TAQA Morocco is the main provider for the National Office for Electricity and Water (French acronym: ONEE).

Created in 1997, TAQA Morocco is a major actor in the Moroccan energy sector and covers nearly 43% of the national production of electricity. With its 484 collaborators and six production units, TAQA Morocco is the largest independent coal Thermal Power Complex in the MENA region.

The Thermal Power Complex features high-performance installations that ensure an availability rate in excess of 90%. Optimal yields and reliability are guaranteed through a rigorous preventive maintenance program and the expertise of our human capital. To address energy issues, in 2014 TAQA Morocco carried out an extension of the Thermal Power Plant (JLEC 5 & 6) featuring two new Units with a capacity of 700 MW, bringing the total capacity of the Plant to 2.056 MW.

These Units 5 & 6 represent Morocco’s largest international financing of the past 10 years, with an investment of 1.6 billion USD (13 billion Dirhams), of which the equivalent of 1.4 billion USD were raised in multicurrency, with Japanese and Korean export credit organizations participating for the first time under a “Project Finance” type of contract.

As an electricity operator, the concept of impact is fundamental to the business of TAQA Morocco. The operator’s governance is extremely vigilant on that subject. In this report, we will better document such impacts using AMMC nomenclature.

The process of identifying impacts having been established, this report will provide a managerial approach and document the impacts through indicators.

This first ESG report is an opportunity to formalize our impacts on water, climate change, HR, human rights, etc

We anticipate sharing the results of the materiality study at an Oversight Council meeting in 2020. The governance body will also focus on policies, processes and action plans relating to the major ESG preoccupations shared with it.

 

2019

 

2018

 

2017

Total number of employees

Employees

 

484.00

 

478.00

 

480.00

Total number of activity sites

Sites

 

2.00

 

2.00

 

2.00

Objectives and Commitments of the Issuer

TAQA Morocco adopts policies, charters and processes to ground its sustainable development policy. The graphic below provides an overview.


OCCUPATIONAL HEALTH AND SAFETY

TAQA Morocco puts Health and Safety at the heart of its priorities and deploys a Occupational Health and Safety Management System of which all line management is the guardian. Our culture emphasizes shared responsibility and vigilance and extends to subcontracting businesses that operate on the production site.

• TAQA Morocco Commitment Charter for the health and safety of its collaborators:

The Commitment Charter specifies: “Each collaborator works in a climate of confidence and returns home safe and sound.” This charter, which can be consulted by clicking on the title, is organized around the following principles:

. All the dangers and risks relating to the Health and Safety of our collaborators and of any person who has access to our sites can and must be managed;
. All line management is responsible for the Health and Safety performance and for the carrying out of the process;
. To achieve excellence in Health and Safety, all participants must lead by example, must communicate, and must be trained;
. Excellence in Health and Safety is what ensures a sustainable operational and financial performance of the business.

QHSE Policy :

TAQA Morocco is committed to an approach that integrates Occupational and Environmental Quality, Hygiene, Health and Safety for its six production Units, including shared facilities. See the QHSE policy by clicking on the title.

ENVIRONMENT

Note on environmental management:
I. Preventive measures: Preventive measures are taken into consideration during design and construction of the Jorf Lasfar Thermal Power Plant in order to minimize impact on the environment.
II. Emissions Compliance: See Our Environmental Footprint section
III. CO2 Emissions: See Our Environmental Footprint section
IV. Annual unit energy production: See Our Environmental Footprint section
V. Yield of Units: See Our Environmental Footprint section