Algeria to invite bids to build three solar plants
07 Apr 2017 - 21:52
Algeria: 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 Agencyfor Development and the African Bank for Development, have shown interest in funding the project, according to the EnergyMinistry, calling it a "multi-billion dollar" project.