Minister of Energy and Renewable Energies, Mourad Adjal, received on Sunday a delegation of executives from the International Finance Corporation (IFC), led by Ethiopis Tafara, Vice President for the Africa region.
According to a ministry statement, the meeting held at the ministry’s headquarters discussed ways to expand partnership between the sector and this global financial institution on both national and international levels.
Adjal highlighted the significant role of energy in achieving economic and social development, emphasizing the level of expertise Algeria possesses through its companies and national competencies across the entire energy value chain, from production to the transmission and distribution of electricity and gas. He also noted the country’s potential in electrical industries, training, and engineering, alongside the Algerian state’s direction toward investing in renewable and clean energies.
The minister also pointed to the 15,000-megawatt production project aimed for 2035, which the sector is undertaking. Adjal considered these indicators as important data confirming Algeria’s position as a reliable partner in supporting energy development at the continental level.
Adjal affirmed Algeria’s keenness to be a strategic partner in increasing the electricity connection rate for citizens in Africa and achieving energy development there, utilizing the significant achievements Algeria has made with its national expertise in this field, stressing the importance of this partnership which must now be realized on the ground.
For his part, Ethiopis Tafara confirmed his financial institution’s interest in exploring areas of cooperation and partnership with the energy and renewable energies sector, focusing on two main axes for cooperation at national and international levels.
Tafara proposed a partnership project in the field of developing electricity production through wind energy. Continentally, it was proposed to utilize Algerian expertise to achieve energy development in Africa, which suffers from a significant lack of electricity connectivity for its citizens.
Following the meeting, it was agreed to hold technical work sessions bringing together technical and financial experts from both sides to formulate a strong and effective partnership between the energy and renewable energies sector and the International Finance Corporation for the Africa region.
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