Release date: 29 May 2006
Promoter – Financial Intermediary
Société Tunisienne de l’Électricité et du Gaz (STEG)Location
Description
The proposed investment mainly involves the construction of a 400 MW single-shaft combined-cycle gas-turbine power plant in Ghannouch (Gabès region).
Objectives
The project forms part of Tunisia's Eleventh National Plan (2007-2011). It is included in the government's priority programme to enhance and upgrade STEG's generating capacity in order to meet the country's constantly growing demand for electricity, while at the same time optimising overall productivity.
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.
Comments
Electricity.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 114 million from the Bank's own resources under the EUROMED II Mandate (2002-2007).
Total cost (Approximate amount)
Around EUR 228 million.
Environmental aspects
An evaluation of the project's environmental impact is required under Tunisian law (Decree 91-362, which is largely inspired by EU Directive 97/11/EC). The impact assessment, the mitigating measures and approval of those measures by Tunisia’s National Environmental Agency will be submitted to the Bank.
Procurement
The turnkey contract for the power plant has been put out to international tender with publication in the OJEU. Bids are currently being evaluated.
Status
Signed - 15/12/2006
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).