Mitsubishi to build power plant in Tunisia for $350M

Tunisia signed an agreement with Japanese firm Mitsubishi for the construction of a $350 million gas-fired power plant in the country, Tunisian Minister of Energy, Mining and Renewables Hela Cheikhrouhou announced on Tuesday.

Cheikhrouhou speaking at the signing ceremony of the power plant, where officials from the Tunisian Company of Electricity and Gas and Mitsubishi attended, said the plant would produce 450 megawatts of electricity daily by 2020, in an attempt to meet the growing energy needs of the country.

The Rades Power Plant will be constructed in the Rades area of Bin Arus, a coastal town in northeastern Tunisia, according to the Tunisian Minister.

The Development Bank of Japan will provide $350 million in financing for the plant, Cheikhrouhou said.

When fully operational, the plant will meet 10 percent of the energy needs of the country, the minister noted.

According to the press release which was distributed after the ceremony, the Rades plant will provide employment for 2,150 people.

Reporting by Enes Kanli in Tunisia

Writing by Ebru Sengul


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