The Union Internationale de Banques (UIB) has announced its participation in financing the PURO project, a 100 MW solar power plant located in Chebika, Kairouan governorate.
This flagship project, financed entirely by Tunisian banks, aligns fully with the national strategy for energy transition and represents a major reference for low-carbon development in Tunisia.
With a total cost of 280 million dinars, the PURO project is financed through a syndicated loan led by BIAT, bringing together three other local banks: UIB, ATB, and UBCI.
In this framework, the UIB group plays a leading role as a financial partner, contributing 40 million dinars, divided into 30 million dinars in debt and 10 million dinars in equity via UIB’s SICAR, demonstrating a strong commitment to financing the Tunisian economy.
This operation highlights UIB’s ability to carry out complex, large-scale financing and reinforces its strategy to be a key player in corporate finance and project funding.
As a project of national interest, PURO is part of the Tunisian Solar Plan (PST), which aims to increase the share of renewable energy to 30–35% of national electricity production by 2030, with solar PV playing a major role.
The plant will supply green electricity to two cement factories, significantly reducing their carbon footprint and strengthening the country’s energy security.
PURO also stands out for the complexity and high standards of its financial structure, mobilizing UIB’s Corporate, Risk and Commercial teams across the board.
Philippe Dubois, CEO of UIB, stated: “UIB’s contribution to the PURO project confirms our commitment to financing the Tunisian economy and supporting the national energy transition.
It demonstrates our ability to leverage our expertise to fund large-scale infrastructure projects and strengthens UIB’s position as a committed partner for businesses and sustainable development.”
