Team Europe mobilises €472,6 million, including €334,6 million EU grants, to support the Italy-Tunisia electricity interconnection project “ELMED”. Team Europe affirms its dedication to sustainable development in the Mediterranean region by committing a total €472,6 million to the ELMED electricity interconnection project and its ecosystem. In December 2022, the European Union approved a €307.6 million grant from the Connecting Europe Facility (CEF) for the ELMED project. To ensure a smooth implementation of the ELMED project, the EU approved an additional €27 million grant in December 2023 under the Neighbourhood Investment Platform. Co-implemented by Italy’s TERNA and Tunisia’s STEG, and with a total investment of €850 million, ELMED is currently under construction and set to become operational in 2028.

Source: The North Africa Journal June 14, 2024 12:44 UTC