Minister of energyAlgeria will continue its energy transition process, affirmed Wednesday Minister of Energy Noureddine Boutarfa, adding that a programme of 4.000 MW of photovoltaic generated electricity will be launched before the end of 2016.

Speaking in a press briefing held following the works of the 15th meeting of the International Energy Forum (IEF15), Boutarfa said that Algeria is ready to get down to the process of energy transition, underlining that photovoltaic plant projects totalling a capacity of 300 megawatts were put into operation in 2016.

“We are working for that. There are already projects which are operational for about 300 MW in photovoltaic stations. There is another programme of 4,000 MW which will be launched before the end of the year,” said the minister.

In this regard, Boutarfa said that the issue of energy transition constituted one of the main lines in IEF15’s works: “there is a convergence ( at the level of the Forum) on the need that the energy transition must take place.”

While stressing on the unanimity of the participants on the fact that the hydrocarbons will “remain a necessary energy,” he reiterated that all the sides accepted, at the same time, that “the current market situation shouldn’t have an effect on the energy transition.”

While broaching the current situation of hydrocarbon markets, Boutarfa, who held a press conference in the presence of IEF’s Secretary General Xiansheng Sun, said that the current oil prices don’t suit producers and consumers.

We cannot continue investing with prices lower than 50 dollars per barrel, he added.

Global oil investments fell by 50% since 2015 because of the drop in prices, said the minister.

Consequently, the producers and consumers agreed on the need to find alternative solutions to regulate the market and also to act on the supply to ensure the stability of the prices, according to him.
APS, 29/09/16