Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Asharq Al-Awsat
Asharq Al-Awsat
Business
Tunis - Al Munji Al Saidani

Tunis Allows Private Sector to Invest in Renewable Energy

A finished wind turbine complex is shown in southern Wyoming, US on July 21, 2009. REUTERS/Ed Stoddard/File Photo

Tunisian authorities have given for the first time a role to the private sector in wind energy production.

The Ministry of Industry and Small and Medium-sized Enterprises granted licenses to four foreign companies producing electricity from wind with a 120 Megawatt generating capacity and an overall investment of 400 million Tunisian dinars.

ABO WIND AG (Germany), UPC Tunisia Renewables (Netherlands) and French LUCIA HOLDING and VSB Energies Nouvelles got their projects approved in principle.

Prime Minister Youssef Chahed said during a ceremony held on the occasion that giving a boost to renewables (solar and wind energy) is a priority for the government.

“The government made considerable efforts in order to develop the legal and organisational aspects of the sector,” he added.

The firms will sell wind power to the Tunisian Company of Electricity and Gas (STEG) at prices ranging between 110 millimes and 135 millimes per kilowatt hour.

Tunisia’s energy deficit represents one third of the overall trade deficit, which has widened to a record level of about 19 billion dinars ($6.33 billion) in 2018 from 15.6 billion in 2017.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.