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Tunisia: Tunur waits on legislative deal to trigger planned development

Tunur, the UK-based developer of a project to export power generated by concentrated solar technology from Tunisia to Europe, has acquired additional financial backers and is targeting first financial close within 18 months. The company has persisted in pushing forwards its plan despite the political uncertainties of Tunisia’s post-Arab Spring transition and doubts over the concept of export-driven projects in North Africa following the implosion of the Desertec Industrial Initiative last October. It now hopes the establishment of a fully constitutional government will clear away the final hurdles.

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