Introducing SIE

The Energy Engineering Company (SIE), also known as the “Super ESCO” or “State ESCO,” is a state-owned entity specializing in energy services.

The acronym ESCO stands for “Energy Service Company” and refers to a company specialized in energy services. It is a professional entity offering a wide range of energy-related solutions and services to assist its partners and clients, in both the public and private sectors, in reducing their energy consumption.

In Morocco, SIE is a public instrument with the aim to sustainably reduce the energy consumption of public and private organizations, improving their energy performance.

SIE focuses exclusively on the implementation of energy efficiency projects in key sectors such as :

• Public buildings
• Public lighting
• Sustainable mobility
• Industry
• Support for SMEs and other ESCOs

Governance

Affiliated with the Ministry of Energy Transition and Sustainable Development, SIE has a capital of 125 million MAD, distributed between the Ministry of Economy and Finance (71%) and the Hassan II Fund (29%).

SIE’s Board of Directors holds at least two meetings a year to make decisions on the company’s financial and operational management. These meetings are held to finalize the financial statements for the previous year, review and approve the budget and forecast for the upcoming year.

In addition, the Board has the ability to establish specialized committees, such as the Audit Committee or a Working Group, and to define their composition and operating rules. These committees may be delegated certain responsibilities and powers by the Board of Directors, thereby reinforcing the company’s governance and efficient management.