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Eni enters Algerian renewable energy sector
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Eni enters Algerian renewable energy sector

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The first project will be the construction of a 10 MW solar PV plant in the Bir Rebaa North (BRN) field, where the two companies will co-operate through GSA (Sonatrach-Agip Groupement). The goal is to start activities before the end of the year.

The project is a step of the strategic cooperation agreement on renewable energies in Algeria discussed by Eni’s CEO, Claudio Descalzi, and Sonatrach’s CEO, Amine Mazouzi, on June 21st. It is just one of the initiatives the two companies plan to develop in the near future.

“In the early seventies, Eni was the first foreign company to sign an agreement with the Algerian state, for the construction of the Transmed gas pipeline, and, in 1987, the first oil & gas company to sign an upstream contract in Algeria” said Eni’s CEO Claudio Descalzi. “Today, Eni is the first oil & gas company to reach a strategic agreement in the field of solar energy in Algeria, a country with important potential.”

The agreement with Sonatrach fits in with Eni’s long-term strategy, aimed at integrating its traditional business and energy from renewable sources, making the most of all possible industrial, logistic, contractual and commercial synergies with the company’s traditional activities.

Eni has been present in Algeria since 1981.

For additional information:

Eni

Sonatrach

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