Algeria's Sonelgaz opens up to private investment

Algerian electricity and gas company Sonelgaz has called for private investors�local and foreign�to invest in the country's power production, over which it holds a monopoly. Potential investments involve construction, exploitation, and maintenance of plants producing up to 2,000 Mw.


ALGIERS�Algerian electricity and gas company Sonelgaz has called for private investors�local and foreign�to invest in the country's power production, over which it holds a monopoly.

In a statement issued here, Sonelgaz said the potential investments involve construction, exploitation, and maintenance of a large number of power plants, amounting to 2,000 Mw. Interested operators would be assured of marketing opportunities in electricity production, both in Algeria and abroad, in association with Sonelgaz and its partners, it said.

The move is within the framework of investment and promotion of activities tied to the partial privatization of Sonelgaz and to promote the country's new strategy in power generation. In April, Sonelgaz and the national oil company, Sonatrach, set up a joint venture to market electricity abroad.

This new concern will also identify, acquire, and implement investment opportunities, both domestically and abroad, in the energy and gas sectors.

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