Algeria Power Project Receives 37.4 Million Investment

Algeria Power Project Receives 37.4 Million Investment Nur Din Boutula Rafah, president of the Algerian State Power and Natural Gas Corporation (SONELGAZ), said that the government will spend 6 million U.S. dollars (about 37.4 million yuan) to implement power projects, so that renewable energy sources at the beginning of 2030 can generate electricity. Meet 40% of domestic demand.

During 2011-2014, the government will determine the feasibility of implementing the project and its environmental impact, technology and financial resources.

In 2030, the renewable energy power generation project will have a power capacity of 12,000 megawatts, of which the solar thermal power generation project will have a power capacity of 7,500 megawatts, wind power generation will have a power capacity of 2,000 megawatts, and the photovoltaic power generation capacity of photovoltaic power generation projects. It will reach 2,000 to 2,500 megawatts.

Electricity coverage in Algeria increased from 41% in 1970 to 99% in 2011, and natural gas coverage in 2011 reached 47.4%.

Note: The real-time exchange rate used in this paper is 1 USD = 6.2339 RMB

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