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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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