Renewable Energy Law for Electricity Production (No.74/2013)
The Law seeks to encourage investment in renewable energy and consequently increasing the contribution of renewable energy electricity to 30% (equivalent to 3,800 MW) of total electricity production by 2030.
This law aims to boost investments in the electricity sector, create 10 thousand jobs and reduce the debt of the STEG. Furthermore it aims to preserve the environment, through an estimated decrease of atmospheric pollutant emissions of 38 million tons. The Law was legally enacted/promulgated when The Assembly of the Representatives of the People (ARP) adopted it on the 15th of April 2015, during a plenary meeting.
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