TUNIS, June 25 (Xinhua) -- The World Bank on Monday approved a 151-million-U.S.-dollar loan to help Tunisia diversify its energy resources and produce cleaner and cheaper electricity, reported Agence Tunis Afrique Presse (TAP).
This project aims to support the efforts of the Tunisian Electricity and Gas Company (STEG) to strengthen the national electricity transmission network, incorporating renewable energies mainly produced by the private sector.
Tunisia will be able to build a greener energy sector and improve the commercial performance of STEG.
"The excessive use of fossil fuels threatened the country's energy security and its local economy," TAP quoted Tony Verheijen, Country Manager for Tunisia, Middle East and North Africa, as saying.
According to him, this new project represents a significant investment in the energy sector which will be more efficient and environmentally friendly.
"The project will contribute to achieving 30 percent of electricity production from renewable energies by 2030," he concluded.