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Tunisia and IDB sign TD215m financing agreement

17/11/2008 06:44:21 AM GMT   Comments ()     Add a comment     Print     E-mail
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(Sukuk.net - Qatar News Agency) Tunisia and the Islamic Development Bank (IDB) have signed a loan agreement worth 215 million dinars for financing two power stations in Feriana (governorate of Kasserine) and Thyna (governorate of Sfax).

The signing ceremony took place on the sidelines of Tunisia's second economic forum, which started yesterday in the northern suburb of Gammarth.

The total cost of the project stands at 250 million dinars. The loan will be repaid over 20 years with a 3-year grace period, Tunis Afrique Presse (TAP) reported.

The project is to be achieved in 28 months and aim to meet the increasing power demand in the country by means of two power plants with a capacity of 126 megawatts each.
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