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
Mustapha Bakkoury
President of MasenMr Mustapha Bakkoury, President of Masen, has been managing the implementation of the Masen’s projects and their development since December 2009. Through the development of the Noor Solar Plan, Masen is now a reference on the regional and international scene of renewable energies.
Before joining Masen, Mr. Bakkoury, has led one of the major institutions of Morocco, Caisse de depot et de Gestion, that he positioned as one of the main financial institutions in the Kingdom. Previously, he occupied senior positions in the banking sector, within the BMCI group. He was also in charge of the development and financing of the activities of the National Urban Development Company (SONADAC).
Mr. Bakkoury is a graduate from the prestigious engineering French school “Ecole Nationale des Ponts et Chaussées of Paris”. He also holds a degree in Banking and Finance in one of the leading French universities.
Combining successful experiences in both public and private areas, Mr. Bakkoury has also been involved in politics. He was elected General Secretary of the Authenticity and Modernity Party (PAM) in 2012 and is currently President of the most important region of Morocco, Casablanca-Settat.
Supervisory Board
- The State, represented by Mister Mohamed BENCHAABOUN, as the Minister of Economy and Finances;
- Monsieur Mustapha BAKKOURY, Président of Masen ;
- The Moroccan State (hereinafter, "the State"), administrator, represented by Mr. Mohamed BENCHAABOUN, in his capacity as Minister of Economy and Finance and Administration Reform;
- The Hassan II Fund, director, represented by Mrs. Dounia TAARJI, in her capacity as Chairman of the Management Board;
- The National Office of Electricity and Drinking Water (hereinafter, "ONEE"), administrator, represented by Mr. Abderrahim EL HAFIDI, in his capacity as Managing Director;
- Mr. Abdelouafi LAFTIT, administrator, Minister of the Interior;
- Mr. Aziz RABBAH, administrator, Minister of Energy, Mines and the environment;
- Mr. Moulay Hafid ELALAMY, administrator, Minister of Industry, Trade, Investment, Green and Digital Economy;
- Mr. Saïd AMZAZI, administrator, Minister of National Education, Vocational Training, Higher Education and Scientific Research;
- Mr. Abderrahmane SEMMAR, administrator, in his capacity as Director of the Department of Public Enterprises and Privatization of the Ministry of Economy and Finance (hereinafter, the "DEPP").
Organisation
To maximize its impact, Masen converted companies into subsidiaries and began a stake acquisition process. In addition, Masen has fostered the creation of an initially Solar Cluster that was soon expanded to include all renewable energy sources.
MASEN CAPITAL
Created in 2012 and owned by Masen, Masen Capital’s purpose is to optimize the cost of projects designed to harness renewable energy sources, by acquiring stakes in the project-companies. Masen’s innovative funding approach, combined with a strong institutional framework, provides the legal and financial guarantees required to manage these major projects.
This subsidiary enables the group to:
- better manage the risks related to each project ;
- optimize the State’s contribution by receiving a share of the dividends ;
- access real-time information on each project’s progress ;
- and benefit from feedback that is vital for other projects
MASEN SERVICES
Masen Services, created in 2014 and owned by Masen, is responsible for the management, operation and maintenance of infrastructure required to build all energy complexes.
This involves infrastructure for:
- road networks ;
- electricity and water supply connections;
- decontamination, safety and security mechanisms.
Masen Services ensures that it operates in compliance with HSSE standards (health, safety, security and environment).
ALSOLEN
Masen owns 50 per cent of the capital of Alsolen, a solar thermal technology specialist. This moroccan company was created to combine the entities of the Alcen Group, which has been breaking new ground in the solar industry for more than five years. Alsolen develops and markets solar thermal plants with Fresnel reflectors, fitted with innovative, integrated heat storage systems.
The company provides:
- comprehensive engineering for solar projects ;
- local manufacture of most technological elements on site ;
- integrated energy-efficiency solutions for sites ;
- solar plant construction, including civil engineering, pipework, metalwork, assembly, electricity and automation, up to the commissioning stage.
Alsolen is developing two types of plant:
- Medium-power plants, with a capacity of up to 20MWe, aimed at countries with poorly developed electricity grids, isolated regions and manufacturers ;
- High-power plants, with a capacity of 50MWe and over, designed to be connected to national or regional electricity grids.
Alsolen has a global ambition, starting with Africa.
ALSOLEN
Masen détient 50% du capital de la société Alsolen, spécialisée dans les technologies solaires thermiques. Société marocaine créée pour regrouper les entités du groupe Alcen, innovant depuis plus de 5 ans dans le domaine solaire, Alsolen développe et commercialise des centrales solaires thermiques à miroirs de Fresnel, dotées de systèmes novateurs qui intègrent le stockage thermique.
Cette société assure :
- l’ingénierie globale de projets solaires ;
- la fabrication locale de la majeure partie des éléments technologiques du site ;
- l’approvisionnement en solutions d’efficacité énergétique intégrées au chantier ;
- la construction de centrales solaires, incluant génie civil, tuyauterie, serrurerie, montage, électricité et automatisme, jusqu’à leur mise en service.
Alsolen travaille sur le développement de deux familles de centrales :
- des centrales de moyenne puissance, jusqu’à 20MW de capacité, destinées en premier lieu aux pays à réseau électrique peu développé, aux régions isolées et aux industriels.
- des centrales de forte puissance, à partir de 50MW de capacité, qui ont vocation à s’insérer dans les réseaux électriques nationaux / régionaux.
Alsolen présente une ambition mondiale, en commençant par l’Afrique.
SOLAR CLUSTER
Masen is a founding member of Solar Cluster, which today is one of the company’s major strategic partners.
The primary objective of this networking platform is to develop a competitive renewable energy industry in Morocco.
To this end, Solar Cluster’s key missions are:
- to coordinate national players in the sector, especially by connecting the researchers and businesses around co-actions aimed at developing industrial renewable energy projects;
- to create a technological environment and synergies conducive to the development of these projects ;
- to contribute to the strategic thinking and the definition of clear operational objectives shared by all the national players in the sector go to Solar Cluster web site
- to enable member-companies of the cluster to become more competitive, to develop their activities, to increase their domestic market share and to win new regional and international markets;
- develop and provide all kinds of support, guidance and consultation services for project leaders;
- promote the cluster and the products and services its member-companies offer at national and international level.
Focus
« [...] our objective is to help strengthen skills and develop industrial expertise in the fields of solar power and green technology.
By coordinating professional organizations, manufacturers, researchers and academics, we combine multiple resources and skills, encourage collaboration and cooperation, and promote the development of synergies between public and private stakeholders.