The Solar 1000 MW project in Algeria will soon start and produce its first photovoltaic kilowatt-hours. Want to know when it will be? In the rest of this edition of July 12, 2022, TMT reveals everything.
Indeed, the Solar 1000 MW project will produce its first photovoltaic kilowatt-hours in Algeria. In addition, the manager of the company responsible for preparing and processing the call for tenders for this project indicates that it is the Beni Ounif power plant in Béchar that will succeed in carrying out this project especially since the latter has a capacity of 30 MW.
This is what the APS reports. According to the same source, Smaïl Mougari, the general manager of the “Algerian Renewable Energy Company” known as “Sheams”, declares that the first photovoltaic kilowatt-hours of the Solar 1000 MW project will be produced towards the end of 2023, or even in the beginning of the year 2024.
However, the investors in this project are asking for a guarantee. It is a question of selling to Sonelgaz, the electricity produced “exclusively and entirely” for 25 years. In addition, the Ministry of Energy Transition and Renewable Energies has launched the call for tenders for this project.
And this, at the end of last December. In detail, this project boils down to the constitution of Project Companies (SPV). These companies are in charge of carrying out a photovoltaic solar power plant project with a total capacity of 1,000 MW. These are then distributed throughout the national territory, in batches of 50 to 300 MW each.
Investors want to resort to external financing
Indeed, Mougari underlined, in this respect, that Shaems linked, via the Ministry of Energy Transition and Renewable Energies, the wish of these investors to be granted authorization to resort to “external financing”.
He explains that a file was presented at a government meeting on May 11, 2022. Then, it was submitted to the Council of Ministers which was held on June 19th. Finally, the same person in charge affirms that the new date of opening of the folds will be stopped once the answer to this request is decided.
On the other hand, all local and international investors believe that this project will have at least 40 or more investors in the race. This will help create competition which, in turn, will drive the price down. This is what Le Soir d’Algérie reported.
