A Memorandum of Understanding was signed by thirteen companies with a view to create the “Transgreen” consortium.
Within the framework of the interconnection between the energy networks of the Maghreb and Europe, the project aims at connecting Tunisia and Libya to Italy, Algeria to Spain and Sardinia. It also aims at strengthening the Morocco-EU association agreement.
The agreement also aims at studying the feasibility of electricity transmission between the northern and southern shores of the Mediterranean, developing interconnections around the Mediterranean as well as delivering to Europe, solar energy produced in the Sahara in the next few years.
The “Transgreen” consortium will propose a general technical network capable of exporting about 5 GW to Europe by 2020. Italy is Tunisia’s second trade partner with a volume of exchanges amounting to 10 billion dinars in 2008. Italy is also Tunisia’s third provider of foreign direct investments (FDI’s).