Energy
Mohammed Ammar (STEG) calls on the EBRD to help restructure debt (€300m)

Mohammed Ammar (STEG) calls on the EBRD to help restructure debt (€300m)

Hamstrung by the crisis, the electricity and gas utility company, which has been suffering from a chronic deficit, is expecting a cheque for several hundreds of millions of euros from the European institution.

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            ▪ Mohammed Ammar (STEG) calls on the EBRD to help restructure debt (€300m)

▪ Hamstrung by the crisis, the electricity and gas utility company, which has been suffering from a chronic deficit, is expecting a cheque for several hundreds of millions of euros from the European institution.

http://www.jeuneafriquebusinessplus.com/en/804475/mohammed-ammar-steg-fait-appel-a-la-berd-pour-restructurer-sa-dette-300-millions-e/

22/05/2020 at 20h39, by Jeune Afrique Business+, updated 23/05/2020

Société Tunisienne de l’Electricité et du Gaz (STEG) is in urgent need of financing to continue to operate, at a time when Tunisia has imposed restrictive measures for almost two months due to the pandemic. As of 15 May, the European Bank for Reconstruction and Development (EBRD) is formally reviewing the company’s financing request in order to save the state-owned entity that was launched in 1962 and has been plagued for many years by a structural deficit.

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