Friday 4 September 2020
Last update on Friday, September 4, 2020 At 2:24 PM
The infrastructure will be put in place with the technical and financial support of partners, then paid for thanks to savings made in national gas consumption.
Algeria plans to launch two programs of 500 MW of solar power plants each. This announcement was made by Chems Eddine Chitour, Minister of Energy Transition and Renewable Energies.
“Right now, we have 150 MW that are in the pipeline, and for which tenders have either been issued or are in the process of being. Then, we will propose two programs of 500 MW each, which will allow us to choose our partners ”, affirmed the person in charge.
The objective of this program is to establish numerous small-scale power plants throughout Algeria. Initially, the country relies on its partners to finance these infrastructures. It will rely in particular on the major renewable energy leaders such as China, Germany and the United States.
Once the projects are executed, the partners will be paid with the funds saved thanks to the savings made in terms of natural gas consumption. The installation of 1000 MW of solar power plants in place of gas plants will allow the country to sell the gas not consumed for an annual income of approximately $ 200 million according to the minister. “And we will use these funds to finance, in part, our renewable energy plan,” he said.
Chems Eddine Chitour also clarified that the sector plan aiming to set up 4,000 MW by 2024 is not foreseen in the medium term. “Frankly, I do not know anything about 4000 MW and I do not like the announcement effects,” said the minister.
Source Ecofin Agency
