Early Warning System

Regions

Middle East and North Africa

Geographic location where the impacts of the investment may be experienced.

Countries

Tunisia

Geographic location where the impacts of the investment may be experienced.

Specific Location

Beni M'Hira, in the Tataouine Governorate, south Tunisia

Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.

Financial Institutions

European Bank for Reconstruction and Development (EBRD)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Proposed

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Jun 17, 2026

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

Societe Tunisienne de L'Electricite et du Gaz (STEG)

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Energy

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Loan

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 70.88 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 60
Converted using 2026-02-25 exchange rate.

Loan Amount (USD)

$ 70.88 million

Project Cost (USD)

$ 70.88 million

Bank Documents

Primary Source

Original disclosure @ EBRD website

Updated in EWS Mar 30, 2026

Disclosed by Bank Feb 25, 2026

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Can you contribute information about this project?
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Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the EBRD, the project consists of the provision of a senior loan of up to EUR 40 million to Societe Tunisienne de L'Electricite et du Gaz (STEG), to finance the construction and development of a 50-MWac photovoltaic solar power plant, with a 20-MWh Battery Energy Storage System (BESS), and associated high-voltage transmission infrastructure to integrate the project into the Tunisian electricity grid at Beni M'Hira, in the Tataouine Governorate, south Tunisia. The project also benefits from a senior loan of up to EUR 20 million from the Clean Technology Fund (CTF).

The project's BESS workstream will be the first investment in a BESS within Tunisia, and will help unlock Tunisia's renewable energy potential by addressing the intermittency of renewable energy, a key obstacle to the deployment of additional renewables. The quantifiable benefits of the project include increased Tunisian energy production resulting from the additional 50 MWac of capacity added to the grid, as well as reduced greenhouse gas emissions. The unquantifiable benefits include stabilising the grid and removing the first-mover externality/risk associated with the novel BESS technology.

TECHNICAL COOPERATION

A comprehensive Technical Cooperation (TC) package, mainly funded by the EBRD's Shareholder Special Fund (SSF), has been mobilised to support the project. The TC package covers a broad range of implementation, due diligence and capacity-building needs.

It includes a Project Implementation Unit (PIU) support consultant to support procurement implementation, as well as implementation support for Enterprise Resource Planning (ERP) to assist with the implementation of the EU-funded ERP system previously mobilised by the Bank for STEG under the Stabilisation and Restructuring Facility. The TC package also supports advance procurement to ensure the timely launch of works' tenders and the PIU support consultant, and further covers all key due diligence workstreams required for project assessment and preparation, including technical due diligence, environmental and social due diligence, and financial and economic feasibility analysis.

In addition, targeted support is provided for the management of PCB-contaminated equipment, helping mitigate environmental risks and ensure compliance with applicable standards.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the EBRD, STEG is Tunisia's 100% state-owned vertically integrated national electricity and gas utility company under the supervision of the Ministry of Industry, Mines and Energy. It was founded in 1962 and is responsible for the generation, transmission, distribution, import and export of electricity and gas.

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	Societe Tunisienne de l'Electricite et du Gaz	Client	Energy

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Client - Societe Tunisienne de L'Electricite et du Gaz (STEG):

Wajdi Ben Khaled
Email: wbenkhaled@steg.com.tn
Phone: +21627633222
Website: www.steg.com.tn
Address: 38 Rue Kamel Atatürk, 1080 Tunis, Tunisia

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html