Algeria will invest nearly US$20.5 billion over the next 20 years to boost electricity production from renewable energy sources - Nordine Bouterfa, head of Sonelgaz.
"Algeria will invest nearly US$20.5 billion over the next 20 years to boost electricity production from renewable energy sources," Nordine Bouterfa, the head of Sonelgaz group said.
The investments account for nearly 46 per cent of the total capital required for electricity development projects in the Middle East and North Africa (MENA), said the report by Apicorp - Image : bfg-global.com
Gulf oil producers are expected to pump more than US$58 billion into projects over the next five years to expand their power generation capacity to meet growing domestic demand, according to an official Arab report.
Saudi Electricity Company (SEC) launched Saudi Arabia?s first solar-powered electricity-generating power station.
Saeed Mohammed Al Tayer, MD & CEO of DEWA, said:
Dubai Electricity and Water Authority (DEWA) has decided to extend the final date of receiving bids for the Independent Power Project of Hassyan-1 till 12th December, 2011.
