Tunisia: World Bank OK’s funding of solar units
TUNISIAONLINENEWS- The World Bank has recently announced that it will contribute to the funding of the building of thermo dynamic solar units, in 5 Arab countries, Tunisia, Algeria, Morocco, Jordan and Egypt.
The total amount of the funding which should exceed 5, 5 billion dollars, will be provided by the Clean Technology Fund, from the bank’s own funds in addition to the contribution of business banks.
An initial slice of 750 million dinars has already been approved in order to boost the setting up of 11 solar units, over a period running from 2010 to 2015. These units will be able to produce 1 GW of electricity, which according to the World Bank, should lead to a three fold increase of the world’s solar thermo dynamic production capacity.
The World Bank hopes that the project will reduce carbon emissions by 1,7 million tons as much as it “will support Euro-Med integration for the benefit of North African and Middle Eastern countries”.
Tunisia which recently adhered to the “Desertec” project, also launched its own Solar Plan, as part of the Mediterranean Solar Plan, with a view to reduce carbon emissions and promote the use of renewable energies.
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