Leonardo banner

Tunisia asks Europe to finance the power line with Italy

The project, which has an estimated investment cost of around 800 million euros, will be operational in 2027 and will consist of laying a 200-kilometer submarine cable

© Agenzia Nova - Reproduction reserved

Tunisia has submitted a grant application to the European Union to finance the electricity interconnection project between Tunisia and Italy "El Med". This was revealed by the Director General of Electricity and Energy Transition at the Tunisian Ministry of Industry, Belhassan Chiboub, in statement to the “Tap” news agency. According to Chiboub, this project, which has an estimated investment cost of around 800 million euros, will be operational in 2027 and will consist of laying a 200-kilometer submarine cable between Italy and Tunisia. According to the official, the project will allow Tunisia to meet its energy needs and export the surplus to the European market. Chiboub also added that the World Bank granted Tunisia on 13 September 2018 a loan of 12,5 million dollars to finance technical studies related to the Project.

The "El Med" project consists of laying a 200-kilometer submarine cable with a capacity of 600 megawatts and completing the stations for the interconnection between the Tunisian and Italian electricity networks, between Sicily and the province of Nabeul, in Malabi area, and its transmission via an overhead line to Mornaguia station. For a long time there has been talk of a "Sicily-Tunisia electric bridge". The interconnection will allow Italy and Tunisia to exchange electricity, thus diversifying supplies and strengthening the reliability and resilience of the electricity grids on both sides of the Mediterranean. In particular, in the long term, it will allow Tunisia to export electricity produced from renewable sources to the countries of North Africa as well. With "El Med"in essence, Italy can become the European hub for the transmission and dispatching of electricity in the Mediterranean. The electricity project involves the Italian company Terna and the Tunisian operator Steg.

Read also other news on Nova News
Follow us on the social channels of Nova News on Facebook, Twitter, LinkedIn, Instagram, Telegram

© Agenzia Nova - Reproduction reserved


Latest news

Meloni: “My goal is to restore credibility to the country”

“I am a person who has spent two thirds of his life in political commitment and even now I consider it the most extraordinary form of civil commitment that exists”

Ex Ilva, Urso visits Taranto: "In a few days we will complete the trio of commissioners"

“We will create the technological hub on environmental transition and Taranto will be the national headquarters"

Middle East: negotiations for the release of the hostages continue, while tension rises in Lebanon and Syria

Representatives of Israel, the United States, Qatar and Egypt met in Doha to discuss the hostage exchange and a possible truce in the Gaza Strip

Libya, "Nova" sources: a meeting of the Chamber and Senate on a new unified government on Wednesday in Tunis

An official close to the Libyan "Senate" based in Tripoli said that around 140 members of the two chambers, at least one representative of the United Nations Support Mission in Libya and five leading Libyan businessmen are expected to attend the meeting

Tajani and Radman at the Coordination Committee of Ministers: Strongly expanding relationship between Italy and Croatia

Bilateral relations between Italy and Croatia are in a phase of strong expansion. The strategic sectors to focus on are infrastructure and energy...

Other news

The Emirates and the International Monetary Fund intervene to save Egypt from bankruptcy

“Agenzia Nova” spoke about the recent developments with the analyst Roberta La Fortezza
Anton Siluanov

Russia, Siluanov: The use of our assets to rebuild Ukraine undermines the foundations of the financial system

"It's not the first time we've heard this proposal," said the Russian Finance Minister when interviewed by "Agenzia Nova"

Mattarella's peace message from Cyprus: "A complex but always possible path"

"Italy participates with conviction in the UN mission in Cyprus and is proud to do so for the peace maintained and the objective of a positive solution that makes further development of progress in this territory possible”

Draghi to the European Parliament: “Structural reforms are needed”

The former prime minister and president of the European Central Bank, Mario Draghi, participated in the meeting of the conference of presidents of the commissions of...

Sardinia 2024: Regional Council, 11 seats for the Democratic Party, 7 for Fd'I and M5S

33 hours after the count, all 1.844 sections have not yet been counted, but the composition of the new Royal Council is already starting to be outlined...