The World Bank expressed its interest in the Algerian experience and the efforts undertaken by the country towards the energy transition project. During a meeting with the Minister of Energy and Renewable Energies, Mourad Adjal, the financial institution praised Algeria’s advances in the development of renewable and clean energies, while reaffirming its desire to deepen the partnership with Algiers through new cooperation mechanisms.
This was stated in a statement from the Ministry of Energy, specifying that on the sidelines of this meeting, Mourad Adjal met with representatives from several countries, including ministers and vice-ministers of energy. The discussions focused on strengthening cooperation between Algeria and the World Bank, as well as expanding international partnerships, particularly in the field of clean energy production and green hydrogen, the same text added.
In his speech, Mr. Adjal emphasized the importance of continuing investments in renewable energies. He mentioned, in this context, the national energy strategy for 2035, which plans to implement a large program aiming to produce 3,200 megawatts of photovoltaic solar energy, with the launch scheduled before the end of 2026.
During this meeting, in which several senior officials from the ministry and a representative of the Ministry of Finance also participated, the Minister of Energy highlighted major projects that the sector intends to carry out to increase its contribution to the national economy. He specifically mentioned green hydrogen, solar energy, and other forms of clean energy, which are at the core of the country’s energy priorities. He reaffirmed Algeria’s willingness to strengthen its partnership with the World Bank and partner countries, especially concerning funding regional projects.
For its part, the Bank delegation stressed, through various interventions, its commitment to cooperate with Algeria and its determination to make this collaboration more effective. The officials of the financial institution committed to accelerating the implementation of joint projects to enable their realization as quickly as possible, according to the same source.