Middle East Economic Survey

VOL. LII

No 25

22-Jun-2009

ALGERIA

Sonelgaz To Spend $3Bn This Year And Activate Power Link With Spain

Algeria’s state-owned power utility Sonelgaz will invest around $3bn this year, up 23% from 2008, and expects to bring the 400kv power line linking western Algeria to Spain via Morocco into service in 3Q09, according to the firm’s CEO Noureddine Boutarfa. In line with the big new spending plans for Algeria’s energy sector, Mr Boutarfa said...