Algeria plans $30bn investment to improve power capacity

Algeria will invest $30bn to produce 1200 MW additional electricity per year by 2020 to meet the growing demand for electricity.

The announcement was made by Chief Executive Officer of state owned utility Sonelgaz, Noureddine Boutarfa.

"We firmly believe that the growth and development of our country are not possible without a massive investment in renewable energy, particularly solar energy. Algeria has the ambition to become a major player," he noted, as reported by Benarma and the Algerian Press Service.

Boutarfa said the overall programme of $80bn, of which two thirds was allocated to renewable energy development and one third for the promotion of energy efficiency will install a power from renewable sources by nearly 21000 MW between 2011 and 2030.

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