Ministry of Energy has just launched a call for tenders for financing projects worth 3 billion dinars (Khaled Kaddour) | Tunisia News Gazette

Ministry of Energy has just launched a call for tenders for financing projects worth 3 billion dinars (Khaled Kaddour)

– “The Ministry of Energy, Mines and Renewable Energies has just launched, on Friday, an international call for tenders for pre-qualification for the financing of projects, with a total production capacity of 1000 MW and whose costs are estimated at 3 billion dinars, “announced Minister of Energy, Khaled Kaddour, at a seminar held Tuesday in Tunis, on the theme of financing energy projects.

“This is the first time that Tunisia has launched projects of this scale, which will boost growth and develop the security of energy supply in our country,” said the minister, noting that the barrel of oil today reached 78 dollars, while the state budget was based on the assumption of 54 dollars a barrel.

“Energy is, today, a real handicap for the country,” said Kaddour, saying that “Tunisia cannot continue with the same pace and the same tools its energy supply.” We must innovate in the field projects and identify mechanisms to finance them.

In this context, the Minister mentioned a possibility under consideration, concerning the establishment of a partnership with the Caisse des DepAts et Consignations (CDC), in order to finance some of these projects in Tunisian dinar, and also with Tunisian and foreign private investors under the Public-Private Partnership.

The Energy Department has prepared an energy vision for Tunisia for the coming years based on three axes. The first concerns the short term (by 2020), with the aim of launching renewable energy projects, the medium term (by 2030) to finalise all the necessary infrastructures, and the long term (until 2050) whose purpose is to succeed in establishing the pillars of a green economy.

Speaking at the meeting, Tunisian Investment Authority (TIA) president Khalil Laabidi reported that the share of investment in the energy sector in the overall volume of FDI had plummeted after the 2011 revolution, from 53% (foreign energy investment) in 2010 to 45% currently.

According to the official, this fall is explained by a period of transition, during which Tunisia has focused on the revision of legislation and procedures for access to premiums and privileges in the energy field.

“Today we aspire to a strong comeback for this sector, but above all a different return,” he said, adding that it is clearly a matter of developing, in addition to fossil energy, major renewable energy projects that will increase the share of FDI, promote job creation, and improve technology transfer.

Source: TAP News Agency

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