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    Reference: 20190714
    Release date: 16 September 2020

    Promoter – Financial Intermediary

    SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZ

    Location

    Description

    Financing of an investment programme aimed at strengthening electricity transmission infrastructure and improving electricity distribution networks.

    Objectives

    The proposed project aims at strengthening Tunisia's electricity transmission system and improving power and gas distribution systems. It will ultimately contribute to meeting the growing electricity demand of the country. The EIB project is part of a larger investment programme, which also includes a transmission component comprising the construction of high-voltage transmission lines and several power sub-stations, financed by the World Bank.

    Comments

    This operation is covered by the ELM 2014-2020 Guarantee or its successor.

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    USD 70 million (EUR 59 million)

    Total cost (Approximate amount)

    USD 227 million (EUR 191 million)

    Environmental aspects

    The Bank will ensure the project complies with national legislation, relevant EU directives and principles and the ElB's Environmental and Social Standards.

    Procurement

    The Bank will require the Promoter to ensure that procurement of the project contracts financed by the Bank will be done in accordance with the Bank's Guide to Procurement.

    Status

    Under appraisal - 29/05/2020

    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