Tunisia: KfW backs Tozeur solar scheme


Issue 351 - 28 Jul 2017 | 1 minute read

German development bank KfW has committed €12.5m ($13.7m) of financing to support state utility Société Tunisienne de l’Electricité et du Gaz (Steg)’s 10MW solar project at Tozeur, in the south, to be developed by Italy’s TerniEnergia. Another €1.5m is to be provided to Steg by the European Union, from its infrastructure support fund, the Neighbourhood Investment Facility. The KfW facility comprises a €12m low-interest loan to fund construction and €500,000 for other services. Total project cost is now put at €16m.

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