The European Bank for Reconstruction and Development (EBRD) signed a loan with Société Tunisienne de l’Electricité et du Gaz (STEG) for a total amount of €46.5 million ($51 million) to be provided alongside an up to €46.5 million loan from the European Investment Bank (EIB).
The operation will enable the company to reinforce and strengthen the electricity transmission network in Tunisia, in order to enhance its performance and reliability.
STEG now intends to engage a consultancy firm to improve its forecasting approach of energy and maximum power demand at short, medium and long terms and determine a new forecast model for Tunisia to cope with structural changes in customer behaviour.
ESI.AFRICA
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