Governance & Organisation
Governance*
Masen has established a balanced governance structure based around a Board that deploys and coordinates Masen’s activities and a supervisory board where the main ministries and key stakeholders of the sector are represented.
*Masen’s governance and organisation will be adjusted taking into account the latest legislative amendments.
Board
Tarik AMEZIANE MOUFADDAL
President of MasenTarik Ameziane MOUFADDAL is the Chairman and CEO of Masen, a role he has held since his appointment by His Majesty the King in June 2024. Masen (Moroccan Agency for Sustainable Energy) is Morocco's central player in renewable energy, dedicated to harnessing renewable resources and overseeing the implementation of the national roadmap for green hydrogen.
Mr. Moufaddal brings over twenty years of experience in the international energy sector. Before joining Masen, he was Director of Mobility Solutions – New Energies at TotalEnergies in France. He previously held several executive positions within TotalEnergies, including roles as Country Chair and Managing Director in Morocco and Tanzania. Mr. Moufaddal also served as a Senior Manager in mergers and acquisitions for the energy sector.
An engineer by training, he graduated from the Mohammadia School of Engineering and furthered his studies with a Master’s degree in Industrial Management from the Mines ParisTech.
Supervisory Board
- Mr. Tarik Ameziane MOUFADDAL, Chairman and CEO;
- The Moroccan State, Administrator, represented by Mr. Abdellatif ZAGHNOUN, in his capacity as Director General of the National Agency for the Strategic Management of State Holdings and Monitoring of Public Enterprises’ Performance (ANGSPE);
- The Hassan II Fund, Administrator, represented by Mrs. Dounia TAARJI, in her capacity as Chairwoman of the Executive Board;
- The National Office of Electricity and Drinking Water, Administrator, represented by Mr. Tarik HAMANE, in his capacity as Director General;
- Mr. Abdelouafi LAFTIT, Administrator, Minister of the Interior;
- Mrs. Leila BENALI, Administrator, Minister of Energy Transition and Sustainable Development;
- Mrs. Nadia FETTAH ALAOUI, Administrator, Minister of Economy and Finance;
- Mr. Ryad MEZZOUR, Administrator, Minister of Industry and Trade;
- Mr. Azzedine EL MIDAOUI, Administrator, Minister of Higher Education, Scientific Research, and Innovation.
Organisation
FILIALES OU PARTICIPATIONS DE MASEN
Masen Capital
A wholly-owned subsidiary of Masen, Masen Capital's purpose is to acquire stakes in any company that directly or indirectly contributes to the development of renewable energy resources on a national and international scale.
Equity share : 100%.
Masen Services
A wholly-owned subsidiary of Masen, Masen Services is responsible for the management, operation, and maintenance of shared infrastructure and sites associated with energy complexes through a management mandate. .
Equity share : 100%.
IFMEREE
IFMEREE’s primary mission is to contribute to the success of the national energy strategy by providing the renewable energy and energy efficiency sector with the skills needed for its development. .
Equity share : 20%.
SUBSIDIARIES OR PARTICIPATIONS OF MASEN CAPITAL
Acwa Power Ouarzazate
Development of the Noor Ouarzazate I solar plant.
Equity share : 25%.
Acwa Power Ouarzazate II
Development of the Noor Ouarzazate II solar plant.
Equity share : 25%.
Acwa Power Ouarzazate III
Development of the Noor Ouarzazate III solar plant.
Equity share : 25%.
Acwa Power Ouarzazate IV
Development of the Noor Ouarzazate IV solar plant.
Equity share : 25%.
Acwa Power Laayoune
Development of the Noor Laayoune I solar plant.
Equity share : 25%.
Acwa Power Boujdour
Development of the Noor Boujdour I solar plant.
Equity share : 25%.
NOMAC Ouarzazate II
Operation and maintenance of the Noor Ouarzazate II solar plant.
Equity share : 25%.
NOMAC Ouarzazate III
Operation and maintenance of the Noor Ouarzazate III solar plant.
Equity share : 25%.
NOMAC Ouarzazate IV
Operation and maintenance of the Noor Ouarzazate IV solar plant.
Equity share : 25%.
NOMAC Laayoune
Operation and maintenance of the Noor Laayoune I solar plant. .
Equity share : 25%.
NOMAC Boujdour
Operation and maintenance of the Noor Boujdour I solar plant.
Equity share : 25%.
Koudia Al Baida Energy Company S.A (KABEC)
Development and operation of the repowering project of the Koudia Al Baida wind farm.
Equity share : 50%.
ALSOLEN
Development of solar solutions for heat generation, storage, and transformation.
Equity share : 50%.
AZUR INNOVATION FUND
Subscription or acquisition of stakes in high-growth-potential Moroccan companies.
Equity share : 2,8%.
Focus
« [...] The design and development of power generation projects are Masen’s historical core activities. The national goal is to build a predominantly green energy mix that ensures energy independence for the country. To achieve this, Masen is committed to accelerating the deployment and ensuring the operational mastery of renewable energy power generation projects, in alignment with the national equipment plan.»