“ By fostering renewable energy development, TEREG will strengthen Tunisia’s position in clean energy, creating economic opportunities and ensuring long-term energy security,” said Alexandre Arrobbio, World Bank Country Manager for Tunisia. “ This project reflects our strong partnership with Tunisia and supports its sustainable development goals.
New $430 million World Bank-supported program to support Tunisia’s efforts to expand renewable energy, improve electricity reliability, and strengthen sector governance.
“ The program’s reforms—such as reducing technical and commercial losses and increasing the share of renewables—are expected to deliver lasting improvements in the operational and financial performance of the sector, making electricity more affordable and reliable for households and businesses across Tunisia.”
The TEREG program is expected to support Tunisia in achieving its goals to mobilize US$2.8 billion in private investment to add 2.8 gigawatts of new solar and wind capacity by 2028, and create over 30,000 jobs, primarily during the construction phase of renewable projects.
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