Tunisia’s electricity provider STEG secures US$361m from EBRD to support its stability

TUNISIA – Société Tunisienne de l’Electricité et du Gaz (STEG), Tunisia’s electricity provider, has secured US$361 million (€300 million) financing from the European Bank for Reconstruction and Development (EBRD) to support its stability. The financing package is meant to support the stability of Tunisia’s energy sector during the COVID-19 pandemic in the medium term. It will allow STEG to implement an ambitious corporate and climate reform roadmap that would anchor the shift towards a more sustainable and efficiently run company. The financing package will be accompanied by a detailed roadmap…

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STEG secures US$359m from EBRD to support the stability of Tunisia’s energy sector

TUNISIA – The European Bank for Reconstruction and Development (EBRD) provided a €300 million (US$359.89m) financing package to the Tunisian Electricity and Gas Company (STEG). The loan will support the stability of Tunisia’s energy sector during the coronavirus pandemic in the medium term, EBRD said in a statement. It will enable STEG to implement an ambitious corporate and climate reform roadmap that would anchor the shift towards a more sustainable and efficiently run company. The loan agreement was signed in Tunis between STEG’s CEO, Hichem Anane, and EBRD’s head of…

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