The EBRD will provide a sovereign guaranteed senior loan of up to €45 million to Societe Tunisienne de l’Electricity et du Gaz (STEG) to finance a 200km 600MW High-Voltage Direct Current submarine transmission cable connecting Tunisia and Italy. ELMED will be operated and jointly owned by STEG and the Italian transmission system operator Terna S.p.A. The submarine transmission cable project will contribute to the grid stability and dispatching optimisation required for better renewable energy integration and climate strategy delivery in the two markets, both of which have ambitious renewable energy objectives. A detailed gap analysis of the supplementary documentation, especially on the Italian side of the proposed submarine cable infrastructure, by an independent consultant, is being finalised. Of interestMorocco-UK subsea cables energy project secures early development fundingSubmarine transmission cable project assessment still ongoingNo project company has been established for the submarine cable construction and/or operation.

Source: The North Africa Journal October 10, 2023 18:34 UTC