Global Arab Network | Tunisia - US$ 55 million Energy Efficiency Project to be implemented in 4 years | Energy

Global Arab Network | Tunisia - US$ 55 million Energy Efficiency Project to be implemented in 4 years | Energy: "Tunisia - US$ 55 million Energy Efficiency Project to be implemented in 4 years PDF Print E-mail
Edited by Andy McDonough
Thursday, 30 July 2009 14:48
tunisia_gaz_HASDRUBAL
Tunisia and The World Bank signed a 55 million US Dollars Energy Efficiency Project, to be implemented over a 4 years period in Tunisia.
The objective of the Energy Efficiency Project is to scale up industrial energy efficiency and cogeneration investments, and thereby contribute to the government's new four-year energy conservation program.

The project is a line of credit to Financial Intermediaries (FI) to finance industrial energy efficiency and cogeneration projects. The IBRD loans are lent, with a guarantee from the Republic of Tunisia, to three commercial banks, which will on-lend, following their lending policies and procedures, to companies for eligible subprojects. The Tunisian commercial banks are responsible for loan repayment and assume all financial risk. The loans are to Amen Bank (AB) in the amount of Euro 23.1 million (US$ 30 million equivalent), Banque de l’Habitat (BH) in the amount of Euro 15.4 million (US$ 20 million equivalent) and Banque pour le Financement des Petites et Moyennes Entreprises (BFPME) in"