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...