Tunisia: European financing to strengthen grid

The European Bank for Reconstruction and Development (EBRD) and the European Investment Bank will provide sovereign-guaranteed loans of up to €46.5m ($49.9m) each to Société Tunisienne de l’Electricité et du Gaz under agreements signed in late November. The financing will be used to reinforce and expand the electricity transmission grid in the north-east of the country to enhance its efficiency and reliability and prepare the grid for additional generation capacity including renewables, as well as possible future regional interconnections, the EBRD announced in a press release on 29 November.