The delegation of WTEI partners had a successful visit to Algiers, where they discussed WTE with the Algerian Minister. The Minister for Energy Transition and Renewable Energies of Algeria, Benattou Ziane, received a delegation in his office. Almaz Rakhmatullin, CEO of InvestGeoCom and Board Member of WTEI, led the delegation. Significantly, the parties spent several hours discussing the country’s waste-to-energy (WTE) opportunities.
At the meeting, Mr. Rakhmatullin presented the consortium, which consisted of his company, InvestGeoCom, Waste to Energy International (WTEI), and OAK. The consortium is active in Africa, particularly in the Ethiopian project. In sum, this project aimed to construct a 2,000-ton-per-day waste-to-energy plant in Addis Ababa.
The presentation provided by WTEI described the experience and capabilities of the consortium members. Additionally, it highlighted ongoing projects in alternative energy and the available financial resources. With several WTE plants in its portfolio and the unique experience of full-cycle development, WTEI has the resources to sustain new projects. The financial developer, OAK, maintains connections to the Gulf countries’ vast and cheap financial resources. Together with InvestGeoCom’s engineering capabilities, it creates an alloy of experience and leadership.
According to a press release from the ministry, Mr. Benattou Ziane underlined his particular interest in the production of renewable energy. He also assured that the new law on investment will improve the business climate, through “the promotion and support of investments”, which will instil, he argued, “a strong dynamic for the diversification of the national economy”.
Press release of the Ministry for Energy Transition and Renewable Energies.
Discussing WTE with Algerian minister: objectives and proposals
Discussing WTE with the Algerian Minister of waste-to-energy opportunities, Mr. Rahmatullin provided several technical and financial proposals. The consortium can bring 100% foreign direct investment, depending on the project size and location. Alternatively, it can construct small facilities on a turnkey basis. Dealing with larger projects, the consortium can develop the project from inception to commissioning. The development involves preparing the feasibility study and critical documents, including the power purchase agreement, concession agreement, and land lease agreement. The consortium commences funding when all documents are signed and the feasibility study is ready.
The project’s objective in Algeria is to establish a new waste-to-energy industry sector in the country. Plants to construct will receive best-in-class technology solutions. The new waste-to-energy industry sector aimed to improve the country’s ecological situation and increase electricity production.
The official news can be found here.
