European Commission gives €307 million loan for the Italy–Tunisia interconnection

Image: TernaImage: Terna
Italian electricity grid operator Terna and its Tunesian counterpart Steg have signed a Grant Agreement with the European Commission for € 307 million to support the planned interconnector called 'Elmed'.

Official Press Release Terna:

Terna: €307 million loan signed with the European Commission for the Italy–Tunisia interconnection

A further step towards the creation of the first direct current electricity connection between Europe and Africa; the project will help improve Italy's energy procurement security and contribute to the achievement of national and international energy targets; for the first time, Connecting Europe Facility funds have been allocated to an infrastructure project developed by a Member State and a Third Country

Terna, the operator of the Italian electricity grid, and Steg, the Tunisian electricity and gas operator, have signed a Grant Agreement with the European Commission for € 307 million to support “Elmed”, the invisible interconnection between Italy and Tunisia which will form the electricity bridge between Europe and North Africa. The authorisation... ... More: Official Press Release Terna

Terna, Italy, Tunesia, interconnector, electricity, Europe, cable, loan, EU, European Commission, energy security, target, Africa, funds

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