Immersed in the global race for energy transition, Tunisia is taking a historic step with the support of the World Bank. Thanks to this USD 430 million financing, the country is embarking on a profound modernization of its energy sector, promising innovation, job creation, and the development of renewable energies. The Tunisian green revolution is underway.

Historic support for the Tunisian energy sector

Tunisia has just received major financial support from the World Bank, which is granting it USD 430 million for the implementation of its five-year national energy transition program. This funding aims to improve the reliability, efficiency, and governance of the sector through the TEREG (Tunisia Energy Reliability, Efficiency, and Governance Improvement Program).

Major objectives of the TEREG program

This program aims to improve access to electricity and modernize the Tunisian electricity sector. Priority is given to strengthening the performance of STEG (Tunisian Electricity and Gas Company), promoting renewable energy, and reducing power outages. The authorities intend to create an environment conducive to investment and local employment.

A significant impact on renewable energy

Thanks to this initiative, Tunisia plans to add 2.8 GW of new solar and wind power capacity by 2028. The financing is expected to mobilize nearly USD 2.8 billion in private investment and generate more than 30,000 jobs, primarily during the construction phase of the energy infrastructure.

The energy transition: a driver of growth and security

The agreement also aims to reduce the cost of electricity by 23% and ensure greater long-term energy security. The transition to cleaner and more reliable energy sources, strongly supported by the World Bank, will enable Tunisia to strengthen its economic position and achieve its climate goals.

Opportunities for local and international stakeholders

This program creates opportunities for both foreign investors in the renewable energy sector and Tunisian companies, particularly those involved in the engineering, construction, and management of wind and solar projects.

A crucial step towards Tunisian energy independence

By securing this World Bank financing, Tunisia is charting its course towards an economy less dependent on fossil fuels and better integrated into international sustainable development standards. This project lays the foundations for inclusive and innovative growth, driven by an accelerated energy transition that benefits all of society.