STEG V TRANSPORT ELECTRICITE

Promoter – Financial Intermediary

SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZ

Location

• Tunisia

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