The World Bank Group has granted Tunisia a loan of $268.4 million to support an ambitious electrical interconnection project with Italy, aimed at linking the energy networks between Tunisia and Europe.
The project, known as “AlMAD,” is expected to enhance energy cooperation and promote renewable energy integration in the region. The loan agreement marks the resumption of the World Bank’s financial support to Tunisia, following a temporary pause in response to controversial remarks made by Tunisian President Kais Saied earlier this year regarding migrants from sub-Saharan Africa.
The funding provided by the World Bank will contribute to the total cost of the project, which amounts to approximately 850 million euros.
The interconnection between Tunisia and Italy will not only strengthen energy infrastructure but also align with Italy’s strategic goal of becoming a prominent European energy hub.
By establishing a link to Africa and importing electricity generated from renewable energy sources, Italy aims to reduce its reliance on gas imports from Russia and advance its transition to cleaner energy alternatives.
The project holds significant potential for both Tunisia and Italy, fostering greater energy cooperation, improving energy security, and promoting sustainable development in the region.
With the World Bank’s financial assistance, the interconnection project is expected to bring economic and environmental benefits, supporting the growth of renewable energy sources and contributing to the broader energy diversification goals of both countries.
