Investment bonanza shifts risk to developers
Algiers plans to build 9,000-10,000 MW of new electricity generation capacity by 2015, but take-or-pay price guarantees will no longer be a standard part of development contracts. Speaking at the third international energy conference in Oran, Sonelgaz head Noureddine Boutarfa said that a total of $5,300 million will be invested in the electricity sector by 2009.The new capacity will replace existing facilities, meet rising local demand and provide opportunities for export to Europe. ...
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