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Invest in the MEDA region, why how ?
desalination plant near a 400‐MW power plant in Hamma, near
Algiers.
In spite of the interconnection of all power plants in Northern
Algeria (95 percent powered by gas), the current rate of capacity
reserves is only 10 percent, largely insufficient to meet the
country’s needs. The national operator Sonelgaz (which recently
became a joint stock company) has set the objective of reaching a
rate of reserve of some 15 to 20 percent. To face the growing
demand for electricity (+7 percent per year over the period 2002‐
2011), ten new power stations will be created by 2010. Sonelgaz has
worked out a US$ 12.2 billion programme, with US$ 5.4 billion
earmarked for production of electricity (power stations
construction), the remainder for transport and distribution.
In July 2002, Sonatrach and Sonelgaz formed a joint venture, New
Energy Algeria (NEAL), to pursue the development of alternative
electricity sources, including solar, wind, and biomass. One project
reportedly under consideration is a 120‐megawatt (MW), hybrid
gas/solar power plant near Timimoun. In January 2003, Algeria and
the International Energy Agency agreed on technological
cooperation in developing solar power. Overall, Algeria hopes to
increase the share of solar in the countryʹs electricity mix to 5
percent by 2010.
In the mining sector, Algeria has an excellent but untapped
geological potential. There is a wide range of underground
minerals such as phosphates, iron ore, zinc, uranium, gold,
tungsten, diamonds, and precious stones. Overall, more than thirty
resources can be extracted. Algeriaʹs major mining operations
include the 3 million ounce Tirek Amesmessa gold mine; the 2,400
million ton Djebel Onk phosphate mine; the 5,000 million ton
Quenza and Bou Khrada iron ore mines; plus several industrial
mineral mines producing salt, bentonite and barite.
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