Italian grid operator Terna and its Tunisian counterpart, Steg, secured €307 million ($327 million) to put money into an €850 million subsea cable hyperlink between Partanna, Sicily, and Cape Bon, Tunisia.
Grid operators in Italy and Tunisia have secured €307 million from the Connecting Europe Facility (CEF), a European Union fund established in 2014 to help EU infrastructure investments associated to move, power, and telecom.
The 2 firms will use the funds to construct a 600 MW high-voltage direct present connection between the city of Partanna, Italy, and Cape Bon, a peninsula in Tunisia. The transmission line will lengthen for 200 km and attain the utmost depth of the ocean of 800 meters.
“That is the primary time that CEF funds have been allotted to an infrastructure venture developed by a member state and a 3rd nation,” the Italian grid operator, Terna, stated in an announcement. “As an additional testomony to its strategic significance, the European Fee has allotted greater than half of the accessible finances of the 2022 name to the venture.”
The €850 million venture will enhance electrical energy manufacturing from renewable sources in Europe and Africa and promote range within the power combine.
“Because of this venture, Italy will be capable of firmly set up itself because the power middle of the Mediterranean,” stated Terna CEO Stefano Donnarumma.
Terna and Société tunisienne de l’électricité et du gaz (STEG), the Tunisian state-owned grid operator, started growing the venture in 2003. They started by planning a 1 GW energy line and a 1.2 GW energy plant in Tunisia to export 800 MW of power to Italy. In 2011, an financial recession in Europe and a lower in electrical energy demand led to extra capability in Italy, so the companions agreed to scale back the subsea line to 600 MW, along with scrapping on plans for an influence plant in Tunisia.
In 2016, the venture grew to become a part of Terna’s Nationwide Electrical energy Transmission Grid Growth Plan, in addition to a part of the Ten-12 months Community Growth Plan fashioned by the European Community of Transmission System Operators.
The 2 governments signed their first joint declaration for the venture in 2007. They created a 50:50 three way partnership firm, Elmes Etudes Sarl, to handle actions previous to the development of the facility line.
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