Algeria: ‘Renewables Sonatrach’ planned

Issue 431 - 28 Jan 2021

Energy minister Abdelmadjid Attar said on 25 January that Algiers was preparing to create a parastatal renewable energy company along the lines of state hydrocarbons giant Sonatrach. Attar told national ratio that his ministry – and apparently not the renewable energy ministry created last year – was planning a “second Sonatrach” to manage the new technologies. Meanwhile, Attar said state utility Sonelgaz was in financial crisis due to selling electricity and gas too cheaply, with its income now insufficient even to meet operating expenses.

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