ISTS Charges Waiver for Mega Solar Manufacturing Tender Extended by Two Years

Algeria’s Regulatory Commission for Electricity and Gas (CREG) has issued a tender for the construction, operation, and maintenance of several photovoltaic solar projects with a total capacity of 150 MW.

The solar projects will be spread over the southeast region of the country, each consisting of 10 MW. These projects will be developed under the Build-Own-Operate model and the power purchase agreement (PPA) will be signed for 20 years.

The last date for the submission of technical and financial bids is February 19, 2019. The bank guarantee for each project is fixed at 18 million Algerian Dinars (~$ 0.15 million).

According to the tender document, around 50 MW of project will be developed in the region of Ghardaïa, another 50 MW in the region of Biskra, 30 MW in the region of Ouargla, and the remaining 20 MW in the region of El Oued.

In the recent months, Northern Africa has seen a plethora of activities in the solar power market. Last Month, Mercom reported that the International Finance Corporation (IFC), a member of the World Bank Group, said that it would provide a €40 million (~$46.2 million) subordinated loan to Attijari bank Tunisia, which is a private bank and part of the Attijariwafa Bank Group. This loan would help strengthen its capital base and grow its lending operations and increase its volume of long-term financing for climate-related projects and smaller businesses.

In May 2018, the Ministry of Energy, Mines and Renewable Energies of the Republic of Tunisia had tendered 70 MW of solar projects to be developed across the country. The capacity tendered has been divided into two batches. One batch consists of six 10 MW solar PV projects and the other comprises ten 1 MW solar PV projects.