Tunisia Italy Elmed Tender

Scope of Work:
Construction of 200-km electricity interconnector between Tunisia and Italy.

Description:
The package will assist STEG in financing the construction of the ELMED project, a 600 megawatts (MW) High Voltage Direct Current (HVDC) submarine power cable connecting the Tunisian and Italian electricity transmission grids by 2028. The €920 million ELMED will be implemented jointly by STEG, Tunisia’s state-owned national electricity and gas utility company and TERNA, the Italian transmission system operator. European Union’s (EU) Connecting Europe Facility (CEF) will provide an investment grant of €307.6 million for the project. The EBRD’s financing is dedicated to the construction of ELMED on the Tunisian side and is part of a €125 million loan package co-financed by the European Investment Bank (EIB) and Kreditanstalt für Wiederaufbau (KfW).