In October 2017, Spain's Council of Ministers approved a loan of up to 12.18 million euros for a seawater desalination project in Morocco, according to La Moncloa. The borrower was the National Office of Electricity and Drinking Water (ONEE), with funds from Spain's FIEM internationalisation fund. The plant was to supply drinking water to communities in the Al Hoceima and Nador regions, with Spanish firm Tedagua as supplier. The loan carried 0.1 per cent interest over up to 40 years, with 20 years of grace and a Moroccan sovereign guarantee.
The decision showed that Morocco was also funding desalination through low-interest bilateral loans at the time, and that Spain used them to support its own plant builders: more than 45 per cent of the goods and services were to come from Spain.
Source: La Moncloa