Energy

Algeria invests $120bn in renewable energy

Tue, 2016-10-04 08:00

The executive manager of an Algerian state-owned energy company, Mustafa Qaytouni, said yesterday that his country is hosting the 15th meeting for the Global Energy Club, Anadolu Agency reported.

Qaytouni said that his country was planning to launch a large project to produce renewable electricity. The plan’s announcement will reportedly be made during the GEC’s meeting, netting an investment of $120 billion.

Speaking to Algerian radio, Qaytouni said that the first stage of the project should produce 4,000 megawatts from alternative energy sources and 500 megawatt from wind power.

[Full article here | Photo by James Moran]

renewable energy Algeria
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