Middle East Economic Survey
VOL. XLVII
No 39
27-September-2004
TUNISIA
ENERGY FINANCE
ADB Loans Tunisias STEG 77Mn For Power Network Upgrade
Tunisia announced on 21 September that the African Development Bank (ADB) had provided it with a 77.15mn loan that will be used to upgrade the countrys electricity network, which is operated by state-owned Societe Tunisienne de lElectricite et du Gaz (STEG). Last December STEG awarded a 100mn turn-key contract to Italys Pirelli Energy Cables and Systems and...
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