Key points

• Tender for the construction of 5 solar power plants (BOO) in the South of the country with a total capacity of 1000 MW.
• SHAEMS (JV between Sonatrach and Sonelgaz) will take a 34% stake in the project company.
• 25-year PPA with SADEG, an entity of the Sonelgaz group.
• The PPA provides for an arbitration clause (Algerian Chamber of Commerce).
• Financing: 20% equity and 80% bank loan.
• Price per kWh fixed in DZD with partial indexation to USD (investment remuneration and maintenance and operating costs).
• Allocation of solar power plants on the basis of the lowest price per kWh per plot.