- AfDB has approved a $27 million and €10 million to co-finance a 100MW solar power plant in Tunisia.
- Société Kairouan Solar Plant S.A.R.L. will manage the project.
The African Development Bank (AfDB) has approved a $27 million and €10 million loan package to co-finance a 100MW solar power plant in Kairouan, Tunisia.
The approval covers $10m plus €10m from the AfDB, with $17m in concessional financing from the Sustainable Energy Fund for Africa (SEFA). Additional finance will come from the International Finance Corporation (IFC) and the Clean Technology Fund (CTF).
The project is to design, construct and operate a 100MW solar PV plant under a build, own and operate the scheme. It is located in El Metbassta in the Kairouan North Region, about 150km south of the Tunisian capital, Tunis. It is one of five renewable projects awarded in 2019 by the government.
Société Kairouan Solar Plant S.A.R.L., which was developed by Dubai-based AMEA Power, will manage the project.