The African Development Bank’s (AfDB) board of directors have approved a €138 million (US$154 million) investment for Tunisia’s state-run electricity distribution network. The financing earmarked for the Tunisian Electricity and Gas Company (STEG) includes a €108 million loan and €30 million from the AfDB-administered 'Africa Growing Together' fund. The infrastructure investment paves the way for PV projects set to come online in the North African country over the coming years. This includes 15MW of PV projects being developed by Italian oil and gas major Eni and state oil company ETAP in the country’s south. CGC will work with six African countries on the study, which hopes to ultimately to accelerate investment in clean energy across the continent.

Source: The North Africa Journal October 17, 2019 11:26 UTC