Oct 16 2010 |
more articles from
|
European Investment Bank grants Tunisia loan to upgrade electricity network
TUNISIAONLINENEWS- On Friday in Tunis, the European Investment Bank ( EIB ) and the Tunisian Electricity and Gas Company (STEG) signed a loan agreement worth 185 million Euros, some 350 million dinars (MTD).The agreement was signed by STEG President Othman Ben Arfa and EIB deputy-chairman Philippe de Fontaine Vive,
Mr. Mohamed Nouri Jouini Development and International Co-operation Minister took part in the event.
It aims at coping with the rising electricity demand in Tunisia, consolidating and widening the electricity distribution network and improving distribution of the new power stations' energy.
In addition to EIB , the project is to be financed by the Islamic Development Bank by means of 205 million Euros, about 390 MTD, and other backers with 70 MTD.
Tunisia is considered as EIB 's privileged partner which is endeavoring to adopt the same policies followed by European countries, to achieve the hoped-for economic integration, said Mr. Philippe de Fontaine Vive.
He also said that this agreement, which is part of the Facility for Euro-Mediterranean Investment and Partnership (FEMIP), is the 9th to have been signed with STEG .
On the occasion, He announced that this bilateral co-operation would be further reinforced during the coming period, by the signing of a new loan agreement worth 194 million Euros, 368 MTD, to finance construction of a new power station in Sousse to be operational by April 2013.
EIB deputy-chairman specified that as part of co-operation between Tunisia and the bank 500 million Euros (nearly 950 million dinars) are scheduled for 2010.
© Tunisia Online News 2010
Zawya Comment Policy
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Copyright © 2012 Zawya Ltd. All rights reserved. |
provided by www.zawya.com |
Post Your Comment