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    Signature(s)

    Amount
    € 200,000,000
    Countries
    Sector(s)
    Tunisia : € 200,000,000
    Energy : € 200,000,000
    Signature date(s)
    30/12/2008 : € 86,000,000
    15/12/2006 : € 114,000,000
    Link to source

    Summary sheet

    Release date
    29 May 2006
    Status
    Reference
    Signed | 15/12/2006
    20050635
    Project name
    Promoter - financial intermediary
    STEG Ghannouch power plant
    Société Tunisienne de l’Électricité et du Gaz (STEG)
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 114 million from the Bank's own resources under the EUROMED II Mandate (2002-2007).
    Around EUR 228 million.
    Location
    Sector(s)
    Description
    Objectives

    The proposed investment mainly involves the construction of a 400 MW single-shaft combined-cycle gas-turbine power plant in Ghannouch (Gabès region).

    The project forms part of Tunisia's Eleventh National Plan (2007-2011). It is included in the government's priority programme to enhance and upgrade STEG's generating capacity in order to meet the country's constantly growing demand for electricity, while at the same time optimising overall productivity.

    By contributing to the development of energy supply in Tunisia, particularly in the private sector, the project accords with the goals set under the Bank's FEMIP facility.

    Environmental aspects
    Procurement

    An evaluation of the project's environmental impact is required under Tunisian law (Decree 91-362, which is largely inspired by EU Directive 97/11/EC). The impact assessment, the mitigating measures and approval of those measures by Tunisia’s National Environmental Agency will be submitted to the Bank.

    The turnkey contract for the power plant has been put out to international tender with publication in the OJEU. Bids are currently being evaluated.

    Comments

    Electricity.

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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