Economics Affairs

Development of renewable energies: Algeria, EU sign funding agreement of EUR10 million

APS - 13 March 2017

BRUSSELS- Algeria and the European Union (EU) signed Monday, in Brussels, an agreement on EU funding of a EUR10 million supporting programme for the development of renewable energies and the promotion of energy efficiency in Algeria.

The agreement was signed by Minister of State, Minister of Foreign Affairs and International Cooperation Ramtane Lamamra and EU High Representative for Foreign Affairs and Security Policy Federica Mogherini, as well as the Commissioner for European Neighbourhood Policy Johannes Hahn, as part of the 10th Algeria-EU Association Council.

The programme was adopted in 2016 under the European neighbourhood policy (2014-2020), according to a diplomatic source, which underlined that “the idea of this project emerged, in the past two years, during the different exchanges as part of Algeria-EU dialogue in the field of energy.”

The programme is meant to support the national authorities in the revision and elaboration of institutional, political and regulatory mechanisms conducive to the implementation of sustainable energy policies through the deployment of renewable energies and energy efficiency.