Gulf Oil and Gas accountACCOUNT

Algeria to Invite Bids to Build 3 Solar Power Plants

Source: Reuters 4/7/2017, Location: Africa

Algeria plans to invite bids for construction of three photovoltaic solar power plants with total capacity of about 4,000 megawatts (MW), and several energy and financial firms are already interested, the energy ministry said.

Algeria, member of the Organization for the Petroleum Exporting Countries, has been exploring renewable energy as a way to meet growing demand for electricity, while also freeing up more natural gas for export.

Energy Minister Nouredine Bouterfa said in a statement late on Thursday the ministry would issue tenders for the three projects, without giving a specific timeline.

The three plants would help meet Algeria's domestic demand for power and allow for exports of power to neighbouring countries, a source at the Energy Ministry told Reuters.

Several financial institutions, including the French Agency for Development and the African Bank for Development, have shown interest in funding the project, according to the Energy Ministry, calling it a "multi-billion dollar" project.

Sonatrach, Algeria's giant state oil and gas firm, would fund about 50 percent of the cost of the three plants, a Sonatrach official said.

Last year, Italy's ENI signed a deal with Sonatrach to develop renewable projects in Algeria.

U.S. firm General Electric had also shown interest in the solar plants with planned capacity of 4,000 MW, the Energy Ministry sources said.

Hit by a crash in revenues due to lower global oil prices, Algeria has been doubling efforts to increase gas exports after several years of stagnant production. Several new gas fields have come on stream in the past year.

Photovoltaic Solar Energy News in Algeria >>

Netherlands/Holland >>  10/26/2020 - In recent months Boskalis has installed more than 5,350 solar panels on the roof of its distribution center in Vlaardingen, the Netherlands. With thes...
Japan >>  10/23/2020 - Etrion Corporation, a solar independent power producer, announces that it has completed the sale of its investment interest in the Mie 60 MW solar pro...

Norway >>  10/16/2020 - Scatec Solar has signed a binding agreement to acquire 100% of the shares in SN Power, a leading hydropower developer and IPP, from Norfund for a tota...
United States >>  10/16/2020 - EDF Renewables North America (EDFR) and Geenex Solar, LLC (Geenex), announced the close of an agreement of up to 4.5 gigawatt (GWac) pipeline of solar...

India >>  10/15/2020 - In April 2020, Total and AGEL, a renewable energy subsidiary of the Adani Group, formed a JV to which AGEL contributed a portfolio of 2.1 GW of solar ...
Poland >>  10/14/2020 - Savosolar Plc has signed an agreement with a Polish company Eko Ekon regarding the sales, marketing and delivery of large scale solar heating solution...

Related Categories: Biomass Energy  General  Geothermal Energy  Hydropower  Photovoltaic Solar Energy  Solar thermal Energy  Wind Energy 

Related Articles: Biomass Energy  General  Geothermal Energy  Hydropower  Photovoltaic Solar Energy  Solar thermal Energy  Wind Energy 


Algeria Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |

More News

Related Links

Gulf Oil and Gas
Copyright 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.