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Tunisia: AfDB approves €138m for transmission

The African Development Bank board approved on 9 October €138m ($155m) of financing to Société Tunisienne d’Electricité et Gaz (Steg) for a transmission project. The package includes a €108m loan from the AfDB and €30m from the Fund for Agriculture in Africa. The €290m project is also being funded by the Islamic Development Bank (€121m) and Steg (€31m). The project will fund the purchase of high and medium-voltage transformers and construction of around 250km of transmission lines to support the development of renewable power projects in the country.

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African Energy Gulf States Newsletter