TerniEnergia To Develop 10 MW Tunisian PV Plant

TerniEnergia Of Italy Will Reportedly Sign Contract To Develop 10 MW PV Plant In Tunisia
06:11 AM (Beijing Time) - 22. March 2017

Key Takeaways

  • TerniEnergia will reportedly sign a contract to develop 10 MW solar power plant in Tunisia on March 23, 2017
  • The contract will be signed between TerniEnergia and the national utility of Tunisia, Société Tunisienne de l'Electricité et du Gaz (Steg)
  • TerniEnergia will provide EPC work for the plant, which is expected to cost a total of $12.5 million
  • It will be located close to the Sahara desert in Tozeur region of Tunisia

Italian energy company TerniEnergia will be signing a contract for developing a 10 MW solar power plant in Tunisia. It will sign the contract with Tunisia’s Société Tunisienne de l’Electricité et du Gaz (Steg), the national utility on March 23, 2017, reported Ansamed, a news network covering Mediterranean and Persian Gulf Region.

TerniEnergia had won the contract in January 2017. The total investment in this project is an estimated $12.5 million. It will be an industrial scale PV plant to be located close to the Sahara desert in Tozeur.

The Italian company will be providing engineering, procurement and construction services for the project. At the same time, it will be supplying PV modules and inverters to the project. As many as 200 workers will be required to work on site for the project.

For TerniEnergia, the EPC segment as well as renewable power plant operation is a key growth area, as Stefano Neri, the CEO and Chairman of the company outlined in its strategic plan 2016-19: “TerniEnergia intends to grow dimensionally by implementing an integration of other industries and companies through acquisitions. We believe a strategic target to achieve a significant increase in revenues and market cap, in line with the intention of setting up an “independent Italian industrial champion” in the construction and operation of power generation plants from renewable sources and integrated systems for the distributed generation (smart grids). We intend to consider the possibility of diversifying the EPC activities also in wind energy and hydropower sectors, promoting M&A with players of international standing.”

Last year, TerniEnergia was planning to build a 47 MW PV plant in Egypt (see TerniEnergia PV Plant). The cumulative capacity of PV plants built by TerniEnergia was 274 MW, as of March 31, 2016.

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani