Release date: 15 September 2003
Promoter – Financial Intermediary
Société Tunisienne de l’Électricité et du Gaz (STEG)Location
Description
The planned investment focuses mainly on: i) exploiting the LPG associated with gas production in fields in the south of the country (upgrading of the Gabès LPG plant, construction of a compressor station in Gabès); ii) increasing the capacity, flexibility and security of the gas transmission network ( rehabilitation of the El Borma-Gabès gas line, construction of feeder and grid gas lines); iii) extending public gas distribution in the areas covered by the main gas transmission network; and (iv) upgrading metering stations and installing a SCADA system for the gas transmission and distribution networks.
Objectives
The project forms part of the Tenth National Plan (2002-2006). It is included in the Tunisian Government’s priority programme to rehabilitate and upgrade its gas supply, transmission and distribution network, and to improve its safety and management. By contributing to the development of energy supply in Tunisia, particularly in the private sector, the project accords with the goals set under the Bank's FEMIP facility.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 55 million from the Bank's own resources under the EUROMED II Mandate (2002-2007).
Total cost (Approximate amount)
Approximately EUR 115 million
Environmental aspects
An evaluation of the project's environmental impact is required by Tunisian law (Decree 91-362), largely inspired by European Directive 97/11/EEC). Environmental impact studies, mitigating measures and their approval by the National Environment Agency (ANPE) are to be submitted to the Bank.
Procurement
The contracts for the project's various components will be put out to international tender with publication in the OJEC.
Status
Signed - 10/11/2003
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).