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    Reference: 20140184
    Release date: 17 June 2015

    Promoter – Financial Intermediary

    SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZ

    Location

    Description

    The project is a multi-component investment programme encompassing 17 electricity transmission schemes geographically dispersed throughout Tunisia. Overall the project comprises the construction of 6 new substations, the extension of 11 existing substations, the erection of 43 km of overhead lines and the installation of 53 km of underground cables.

    Objectives

    The main purpose of the project is to integrate new conventional power generation facilities into the grid, to reinforce the interface to the distribution grid and ultimately to contribute to catering for the electricity demand of the country that over the coming years is projected to grow at a pace of 4-5%/year. The project will essentially help to improve the availability of power supply, which is crucial for the economic development of the country.

    Comments

    Sector(s)

    • Energy - Electricity, gas, steam and air conditioning supply

    Under ELM Guarantee

    This operation is covered by the ELM Guarantee.

    Proposed EIB finance (Approximate amount)

    EUR 46 million

    Total cost (Approximate amount)

    EUR 110 million

    Environmental aspects

    Five schemes under the scope of the project, if implemented in the EU, would fall under Annex I or Annex II of the Environmental Impact Assessment (EIA) Directive. The Bank will require the promoter to carry out environmental and social impact assessments for such schemes and to implement the resulting mitigating and/or compensation measures.

    Procurement

    The project is in the public sector and is therefore subject to public procurement. The Bank will require the promoter to ensure that any procurement procedures are done in accordance with the Bank’s Guide to Procurement and the relevant applicable EU public procurement rules.

    Status

    Signed - 29/11/2016

    Disclaimer

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

    Related tags

    Tunisia Energy