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Saturday, 23/01/2021 | 13:49 GMT+7
Saturday, 23/01/2021 | 13:49 GMT+7

Algeria: Energy Efficiency Programme to Generate U.S.$42 Billion Profit

Subsequently and by 2030, it will result in a large deployment of the photovoltaic and wind energy and at medium term, solar thermal energy will be produced.

The National programme of the development of energy efficiency is expected to generate $42 billion profit by 2030 by reducing by 9% the energy consumption, according to a communication from the Minister of Energy presented Sunday during the meeting of the Council of Ministers, chaired by President of the Republic Abdelaziz Bouteflika.

This presentation focused on updating the national program of energy and the development of energy efficiency. In its section relating to the development of energy efficiency, the programme aims 9% reduction in overall consumption of energy by 2030, saving 63 million Tons of Oil Equivalent (TOE), representing a financial gain of $ 42 billion, said the statement of the Council of Ministers.

Besides, the implementation of this programme will result in the thermal insulation of 100,000 dwellings per year and the conversion into LPG of more than one (1) million private vehicles and more than 20,000 buses. Some 180,000 jobs will be created too.

Concerning the update of the national programme on renewable energies, adopted in 2011, the energy minister's communication shows the progress in the assessment of national potentials in renewable energies as well as the drop in costs of the photovoltaic and wind subsidiaries.

Subsequently and by 2030, it will result in a large deployment of the photovoltaic and wind energy and at medium term, solar thermal energy will be produced.

Through this programme, renewable energy will account eventually for 37% of national electricity production, saving of nearly 300 billion m3 of gas over the period 2021-2030, which will be exported and will generate to the state significant additional revenues, the statement said.

Truong Duy

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