The European Bank for Reconstruction and Development (EBRD) has approved financing of EUR 3.9 million for Project A, a solar photovoltaic (PV) power plant located in Feriana town, Tunisia. The project, owned by Qair International, aims to contribute to Tunisia’s energy diversification goals and promote private renewable energy development in the country.
Key Details:
- Location: Feriana town, Tunisia
- Project Number: 55026
- Business Sector: Energy
- Approval Date: 19 Mar 2024
- Status: Approved
The project involves the design, development, financing, construction, commissioning, operation, and maintenance of a 10MW solar PV power plant. Qair International is the majority shareholder of Project A, with participation from Mazarine Energy BV. The initiative aligns with Tunisia’s efforts to reduce reliance on fossil fuels and promote renewable energy sources.
Project Objectives:
- Diversify Tunisia’s energy mix
- Support private renewable energy development
- Contribute to CO2 emissions reduction
EBRD Finance Summary:
- EBRD Finance: EUR 3.9 million
- Total Project Cost: EUR 7.24 million
Environmental and Social Summary:
The project falls under Environmental and Social Category B. It involves the construction and operation of a greenfield 10MW PV plant, an access road, and a transmission line. Environmental and social impacts are manageable and mitigatable, with measures outlined in the Environmental and Social Action Plan (ESAP).
Technical Cooperation and Grant Financing:
Project Preparation Support will cover costs associated with environmental and technical due diligences.
The approval of Project A underscores the EBRD’s commitment to supporting sustainable energy projects in Tunisia and promoting private sector involvement in renewable energy development.
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