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IPO WATCH-
GS Inima Barka V is lining up an IPO: GS Inima Barka V — the Spanish water treatment and desalination company behind Oman’s Barka V desalination plant — is planning an IPO that will list 40% of its shares on the Muscat Stock Exchange, CEO Juan Jose Benayas posted on LinkedIn.
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A solar plant is also in the pipeline: The company has acquired all the necessary approvals to break ground on a solar farm to power the Barka V desalination plant after almost three years of development, Benayas added. The project is expected to begin operations in 2025.
About Barka V: GS Inima carried out the engineering, procurement, and construction of the project which will sell the 105k cubic meters of drinking water per day it produces to Oman’s Nama Power and Water Procurement Company (Nama PWP). The project will serve 800k people in Muscat, Dakhiliyah, and Batinah. Construction started in March 2022 and wrapped up in June 2024, and the project began commercial operations in August.
GREEN TECH-
#1- Morocco’s UM6P + Capgemini to develop hydrogen storage tech: Mohammed VI Polytechnic University’s (UM6P) Laboratory for Inorganic Materials for Sustainable Energy Technologies (LIMSET) signed an MoU with French engineering firm Capgemini Engineering to collaborate on advanced hydrogen storage technologies for the automotive industry, especially for heavy-duty vehicles, Morocco World News reports, citing a statement from UM6P.
The pair have cooperated on hydrogen before: UM6P inked an MoU with Capgemini Engineering to exchange knowledge on the solid-state storage of hydrogen and its integration within vehicles in March 2023. The partnership was an additional step in the university’s interest in advancing hydrogen innovation after launching pilot projects to test the feasibility of implementing patented water splitting technology in the use of large-scale green hydrogen and ammonia production in November 2022.
#2- UK’s Weir Group secures GBP 25 mn contract to supply Morocco’s OCP with phosphate tech: Moroccan state-owned fertilizer and phosphate giant OCP Group has awarded a GBP 25 mn contract to Scottish multinational engineering company Weir Group to deliver energy-efficient and sustainable technology for the its Benguerir and Louta phosphate projects in Morocco, according to a press release. Weir will provide its Warman slurry pump and Cavex hydrocyclone technology.
