Tunisia Parliament Reviews World Bank Loans for STEG Energy Program

Tunisia's Assembly of the Representatives of the People (ARP) has begun reviewing two significant loan agreements with the International Bank for Reconstruction and Development (BIRD). These agreements, totaling approximately 384.8 million Euros and 30 million US dollars, are earmarked for the Tunisian Electric and Gas Company (STEG).

The primary goal of these financial packages is to bolster the efficiency, performance, and governance of Tunisia's energy sector. The larger loan, amounting to 384.8 million Euros, will contribute to a broad program aimed at these improvements. The second loan, for 30 million US dollars, is specifically designated for the development of renewable energy sources.

This dedicated funding for renewables will focus on expanding production capacity for solar and wind projects undertaken by private producers. The plan includes signing power purchase agreements for 1,000 megawatts of capacity with new private entities. Furthermore, efforts will be made to strengthen the integration of renewable energy into the national grid. These initiatives are crucial for limiting greenhouse gas emissions and decreasing the nation's reliance on fossil fuels for energy production.