Company of Electricity and Gas Engineering announced that, in late March, Algerian Energy Ministry plans to launch a tender process for the mega solar photovoltaic project of 4.025 GW.
Energy Finance & Investment News in Algeria
The World Bank Group and Ithmar Capital, a Moroccan Sovereign Investment Fund, have entered into a memorandum of understanding relating to the establishment of a Green Growth Infrastructure Facility for Africa (GGIF Africa), the first pan-African fund dedicated to green investment in the continent.
Petroceltic announces start of development drilling on the Ain Tsila gas field in Algeria and EPC contract tender
Petroceltic International plc, the oil and gas exploration, development and production company, has announced the start of development drilling on the Ain Tsila gas and condensate field in Algeria.
The Algerian government has recently informed that it is planning the addition of 4,500 MW renewable power capacity by 2020 and therefore bids for investors on different projects will be launched soon.
The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s Development Finance Institution, has recently approved new financing to support investment funds working in emerging markets with strong opportunity for development impact.