On Wednesday, executive manager of an Algerian state-owned energy company announced plans to develop a large-scale power project to boost the renewables sector.
According to Mustafa Qaytouni, the details of the project will be disclosed during the 15th meeting for the Global Energy Club, which is said to be worth $120 billion, Anadolu Agency reported.
Renewables to diversify energy mix
According to Qaytouni, the first stage of the project should produce 4,000MW from alternative energy sources and 500MW from wind power, the Middle East Monitor reported.
Africa’s largest natural gas producer, has been looking to procure energy from alternative energy sources, through which it could preserve part of its fossil fuel energy for future generation, media reported.
The project, which was approved in May 2015, is planned to produce 22,000MW of renewable energy by 2030.
Algeria in need of alternatives
Earlier this year, the Algerian energy ministry released a report documenting that the west African country has seen a 7.5% increase in domestic energy consumption over the past year.
This has largely been due to increased demand in gas processing industries, including Liquid Natural Gas (LNG) and petrochemicals industries, News Ghana reported at the time.
The ministry added that energy products such as gasoline and diesel have been largely affected by this growth.
In 2015, the market experienced a large jump in demand between January and September, which saw a 13.6% rise compared to 2014.
The report recorded a “significant” increase for natural gas in the first nine months of 2015, which was as a result of increased consumption of power plants by 13% to 30 billion cubic metres.