The Tunisian government last week signed off on a $268.4mn (€251) loan from the World Bank’s International Bank for Reconstruction and Development (IBRD), a key funding element for the €850mn ($906.8mn) 600MW ELMED high voltage direct current (HVDC) interconnector set to link Tunisia with Sicily. The World Bank itself approved the cash in June (MEES, 18 August).

Tunisian officials are hopeful the 220km, 600MW bidirectional link – the first such connection between North Africa and Europe – will move to the development phase next year. (CONTINUED - 965 WORDS)