EBRD loans €25 M solar projects in Tunisia
The EBRD and French development agency Proparco are cooperating to finance two solar photovoltaic power plants in the areas of Tozeur and Sidi Bouzid in Tunisia.
Image for illustration purposes.
Tunisia, Tunis: The European Bank for Reconstruction and Development (EBRD) and French development agency Proparco are cooperating to finance two solar photovoltaic power plants in the areas of Tozeur and Sidi Bouzid in Tunisia. EBRD’s financing package consists of a non-recourse loan of up to €12.5 million, a concessional tranche of $8.9 million (€8.2 million) extended by the Clean Technology Fund (CTF) and $5.0 million (€4.6 million) provided by the Global Environment Facility (GEF).
While the financing extended by Proparco wasn’t disclosed, Project Summary Documents from EBRD indicated a loan of €15 million. The two plants, each with an installed capacity of 60 MW, will be developed by Norway’s Scatec and Japan’s Aeolus at a total investment cost of €79 million. They will be connected to STEG’s 225 kV transmission network via double circuit overhead transmission lines (OHTL) of 5.5 km for Sidi Bouzid and 1.4 km for Tozeur, to be financed by the project sponsors and designed, built, operated, and owned by STEG.
Source: Zawya
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