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First UK/Algeria energy forum to be held

The first UK-Algeria Renewable Energy and Energy Efficiency Conference is taking place today in Algiers.

The conference is described as an opportunity to bring all stakeholders together and share the UK experience in an area where the Algerian government has expressed an interest in co-operating with the UK.

The event is aimed at showing the UK’s commitment to support Algeria in developing its ambitious renewable energy programme and could be a beginning for a wider cooperation in this area.

The conference is looking to support Algeria to develop an effective regulatory framework and attractive investment environment for renewable energy and energy efficiency projects.

Algeria aims to invest USD 60 billion to produce 22 GW of electricity from solar, wind and geothermal sources, by 2030.

By 2030, 40 per cent of Algeria’s electricity production for domestic market will be generated from renewable energy sources.

The programme is being led by Algeria’s Renewable Energy Development Programme (REDP) which aims to meet the country’s growing domestic demand and to preserve fossil resources to free up gas for export.

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