Algeria: Algiers proposes power tariff increases, Sonelgaz restructuring
In depth
Issue 309
- 09 Sep 2015
| 4 minute read
For the first time in many years, the hard pressed Algerian government is considering an increase in electric power tariffs – a policy certain to meet intense opposition at a politically sensitive time. At the same time, the national gas and power utility Sonelgaz intends to raise investment finance through a domestic bond and is also contemplating an internal restructuring programme. Speaking at Sonelgaz’s general meeting in Algiers on 28 September, the company’s long-standing president director-general Noureddine Bouterfa told the assembled directors, managers and employee representatives that they needed to work with the state to implement gradual prices rises that “will not bring social cohesion into question”.
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