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The Spanish Abengoa sells its desalination plant in Agadir

Abenewco 1, the vector that owns the Abengoa projects, has launched the sale of one of its main assets in the world, the desalination plant in Agadir. The Seville-based company has encouraged the sale of its 51% stake in the concession company that operates the facility, according to Spanish media.

The Agadir desalination plant is a benchmark project for Abengoa in the desalination sector worldwide, with a production capacity of 275,000 m3/day (150,000 m3/day of drinking water and 125,000 m3/ day of water for irrigation), with the possibility of extending to 400,000 m3/day. The project also includes the construction of an irrigation network for an area of ​​15,000 ha.

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The sale process has attracted the interest of industrial groups and international investment funds. Among the first, we find the Spanish Acciona, which is already present in North Africa, and French companies such as Engie. On the other hand, other Spanish operators such as Aqualia, a subsidiary of FCC, Sacyr and Lantania, have remained on the sidelines and show no interest, according to the sources cited.

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Abengoa, which has been in insolvency proceedings since February 2020 (Abenewco 1 and 26 other companies filed for pre-insolvency proceedings on June 30), is thus promoting the divestment of its assets after the failure of the rescue plan, which was to include an injection of 249 million euros from Sepi.




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