The Minister of Energy and Renewable Energies, Mourad Adjal, hosted a high-level delegation from the Egyptian conglomerate Elsewedy Electric, spearheaded by the company’s Chairman of the Board, Ahmed Elsewedy, according to an official ministry statement.
The high-level meeting aligns with broader efforts to fortify international cooperation and broaden economic and investment partnerships. The initiative aims to solidify Algeria’s standing, via the state-owned utility group Sonelgaz, as a pivotal player in regional and international energy markets, the briefing added.
During the discussions, the minister commended the Egyptian partner for consistently honoring its corporate commitments. He emphasized that the domestic energy sector has placed entry into African markets at the top of its current agenda, underscoring the vital need to forge robust strategic alliances with dependable entities, particularly across Africa and the Middle East.
Furthermore, Adjal pointed out that the manufacturing of electrical infrastructure, engineering design, and the construction of power generation facilities and substations—sectors where Sonelgaz possesses deep, proven expertise—are highly sought after in foreign markets. This demand necessitates intensified collaboration and pooled resources to capitalize on emerging opportunities.
To this end, the minister proposed launching a joint venture to build power plants across the African continent under a mutually beneficial framework. He called for a comprehensive feasibility study to establish a consortium specifically geared toward international markets and global infrastructure development.
Held on Monday at the ministry’s headquarters alongside senior executive staff, the session focused heavily on reviewing current cooperation with the Egyptian industrial giant and tracking the progress of active agreements signed with Sonelgaz.
In closing, the minister reiterated that “the enduring strength of Algerian-Egyptian diplomatic ties serves as an ideal foundation to elevate this commercial cooperation to broader, more impactful horizons.”
For his part, Elsewedy praised the seamless collaboration achieved with Sonelgaz and the wider renewable energy sector. He affirmed Elsewedy Electric’s strong appetite to diversify its cooperative tracks and unlock fresh partnership channels, with a specific focus on expanding into regional and sub-Saharan African markets.