Renewable energies: Algeria to invest 60 billion dollars
14 February 2011
The CEO of the national electricity and gas company, Sonelgaz, announced in an interview on the national television channel that Algeria is to invest 60 billion dollars between now and 2030 in the generation of electricity from renewable resources.
This is part of a governmental program which will cost a total of 120 billion dollars, and enable the generation of 22,000 megawatts of electricity, reports Le Quotidien d'Oran.
The government is looking for international partners to provide financing for the other half of the program. About 10,000 megawatts of the 22,000 megawatts which will be generated will be destined for export.
This project will be carried out in three phases, the first being the feasibility studies, then the construction of the first installations in 2014 and, from 2016, the launch of the industry on a large scale.
Noureddine Bouterfa said that 2,000 megawatts will be generated from wind energy, 2,800 megawatts will be generated from photovoltaic solar cells and 7,200 megawatts using solar thermal technology.