Algiers, 29th January 2025,
SONATRACH’s Chairman & Chief Executive Officer, Mr. Rachid HACHICHI supervised today, the signature or a Memorandum of Understanding between SONATRACH and the Renewable Energy Development Center, CDER, in the presence of the State Minister, Minister of Energy and Mines and Renewable Energies, Mr. Mohamed ARKAB, the Minister of Higher Education and Scientific Research, Mr. Kamel BADDARI, the state Secretary to the Minister of Energy in charge of Renewable Energies, Mr. Noureddine YASSA and the Director of the Renewable Energy Development Center Mr. Noureddine ABDELBAQI.
This Memorandum aims to set out a common framework for the identification, development and implementation of projects relating to renewable energies, notably, in electricity production from renewable energies, its storage and the management of its integration into the electrical networks. The Memorandum also provides for the exploration of opportunities for cooperation in the field of new energy vectors, particularly green hydrogen and its derivatives.
This agreement is part of the efforts deployed to foster and develop the national expertise, support the Local Content in the sector of renewable energies and strengthen the future cooperation between both parties in the field of energy transition.
The conclusion of this memorandum asserts SONATRACH’s commitment to developing solutions which underpins the energy transition process and reinforces Algeria’s independence in the field of clean energies, thus, contributing in building a more sustainable future.
End of Press Release