Sonelgaz entend investir plus de 650 milliards da en 2025
Sonelgaz Expands Investment Plans for 2025
Overview of Investment Plans
The Algerian energy group Sonelgaz is set to significantly increase its investments for 2025, projecting to exceed 650 billion Algerian dinars (DA). This strategic financial plan primarily aims to enhance production capacities and optimize service quality, as stated by Mourad Adjal, the group’s CEO, during an annual meeting with Sonelgaz executives and directors from the energy, mining, and renewable energy sectors.
Investment Breakdown and Focus Areas
In 2024, Sonelgaz’s investment target is estimated at 656 billion DA, a marked increase from the previous year’s 420 billion DA. This increase reflects the group’s commitment to improving productivity. Key initiatives under this investment plan include:
- Continued efforts to connect agricultural operations, industrial zones, isolated regions, and seawater desalination plants to the national electricity grid.
- Launch of a project to install carbon monoxide detection devices, emphasizing safety and environmental health.
- Focus on renewable energy projects, which demonstrate Sonelgaz’s dedication to sustainable energy solutions.
Record Electricity Exports and Future Goals
Another highlight from the recent meeting was the announcement of record electricity exports totaling 268 million euros in 2024, representing a 22% increase from 2023. These exports mainly target Tunisia but also include locally produced electrical equipment destined for various countries, along with service exports.
Looking ahead, Sonelgaz plans to broaden its electricity export markets to include European and African nations. The CEO expressed ambitions to capitalize on the surplus production capacity, with new export initiatives expected to be operational within the next two to three years. This aligns with the group’s strategy to tap into international markets.
Collaboration and Strategic Agreements
Sonelgaz has engaged in memorandums of understanding with several West African energy companies to foster electrical connectivity projects with Algeria. Additionally, it has collaborated with Sonatrach and Italian company Eni on a submarine cable project intended to link Algeria with Italy.
Noteworthy also is the memorandum of understanding signed with Sonatrach and energy firms from Italy, Germany, and Austria, aimed at exporting green hydrogen produced in Algeria to these European markets. This initiative underscores Sonelgaz’s efforts in renewable energy and positioning Algeria as a key player in green technologies.
Legislative Developments
The CEO also touched on the ongoing revision of the electricity law, indicating efforts are underway to refine this regulatory framework. The completion of these legislative revisions is anticipated by 2026, which may enhance operational efficiencies and support Sonelgaz’s broader objectives.
Conclusion
Sonelgaz’s ambitious investment and export plans, along with strategic partnerships and ongoing legislative updates, highlight a strong commitment to enhancing Algeria’s energy landscape. The focus on productivity boosts, electricity exports, and renewable energy initiatives positions Sonelgaz as a forward-thinking entity in the region’s energy sector.
