Algeria set to build $3bn solar power plant

Solar energy, for which the country has plenty of capital, only supplies 2 per cent of the country's electricity produced.
154
Azure Power and Hareon Develop Solar Power Project in Telangana

For export and domestic consumption, Algeria plans to build a number of solar power plants worth between $3.2 billion and $3.6 billion. These plants would have a combined capacity of 4000 MW, according to Abdelaziz Djerrad, the country's prime minister.

Algeria, one of Europe's major gas suppliers, has affirmed its desire to diversify its energy mix for several years. At present, the country produces 98 per cent of its gas energy. Solar energy, for which the country has plenty of capital, only supplies 2 per cent of the country's electricity produced.

Abdelaziz Djerrad said,

In addition to enabling us to meet national demand and preserve our fossil resources, this project will position us on the international energy market,

The country, which has been under financial pressure since the fall in oil prices, has also reported a drop in several sectors like hydrocarbons and a postponement of investments.

© LIVE updates, Latest headlines, Breaking news, Top Stories, Trending topics, Nigerian Newspapers - The Gazette Nigeria 2020

Published by NINCHI Services Limited

Proudly powered by Extrigs! Pye.