As part of its goal to install 4000 MW of renewable energy capacity by 2020, Algeria is set to launch an international call for tenders to develop solar photovoltaic (PV) and cogeneration plants.

Contracts will be awarded to project developers through auctions run by the country’s Electricity and Gas Regulatory Commission for cogeneration plants producing 12 GW or less, or supplying renewable-based power of 10 GW or more.

Contracts will also be awarded to investors for plant design, equipment supply, construction and operation, as well as for power marketing.

Winning firms will receive 25-year power purchase agreements (PPAs).

The scheme will be divided into three tranches of 1350 MW, with all projects developed and financed through partnerships between the winning companies, which will hold a 49 per cent stake in their projects, and either state-owned or private Algerian firms, which will hold 51 per cent.