Tunisia Energy Storage Power Station Project Cost

How much does Tunisia & Italy project cost?

The project, estimated to cost $932 million, consists of the construction of a 600 MW high-voltage direct current cable that will link the grids of Tunisia and Italy and enable bidirectional power flow between Africa and Europe via a 124-mile undersea cable.

Will the got build a power plant in Tunisia in 2024?

In 2024, the GOT is also expected to launch a tender for the construction of at least one 470-550 MW combined-cycle power plant in Skhira (south Tunisia) as an IPP. In May 2018, the Ministry of Energy and Mines published a call for private projects to build renewable power plants with a total capacity of 1,000 MW (500 MW wind and 500 MW solar).

What percentage of Tunisia's electricity is renewable?

In 2022, only 3% of Tunisia’s electricity is generated from renewables, including hydroelectric, solar, and wind energy. While STEG continues to resist private investment in the sector, Parliament’s 2015 energy law encourages IPPs in renewable energy technologies.

Does Tunisia have a power grid?

Tunisia’s national grid is connected to those of Algeria and Libya which together helped supply about 12% of Tunisia’s power consumption in the first half of 2023. Moreover, in August 2023, Tunisia’s sub-sea connection project with Italy, called ELMED, was approved for $337 million funding from the European Commission.

Can Tunisia export green electricity?

Exploiting its renewable energy potential will also allow Tunisia to export green electricity, including green hydrogen, contributing to the GHG emission targets of the Maghreb and Europe.

How Teri support Tunisia's energy sector?

The multi-year support to Tunisia’s energy sector, particularly to increase renewable energy generation, has been financed by both the TERI Anchor Trust Fund and the Compact with Africa Trust Fund – an associated Trust Fund to the TERI Umbrella program.