| Approval Date | 02 Feb 2022 |
| Signature Date | 15 Sep 2022 |
| Planned Completion Date | 31 Dec 2024 |
| Last Disbursement Planned Date | 31 Dec 2024 |
| Sovereign / Non-Sovereign | Sovereign |
| Sector | Power |
| DAC Sector Code | 23230 |
| Environmental Category | 3 |
| Commitment | U.A 773,510.02 |
| Status | Approved |
The Chems Technical Assistance project is designed to increase investment in decentralized renewable energy projects for businesses in Tunisia and seize the opportunity to expand the DRE market. The Chems project is part of the Tunisia Solar Plan, promoting decentralized renewable energy (DRE) under the self-consumption mechanism. The expected outcomes are: i) Equip local FIs with ability to make more and better investment decisions in DRE, ii) Support businesses to make better DRE investment decisions and iii) Improved capacity of ANME to promote and create an enabling environment for DRE and to share sector knowledge with African countries. The Project comprises three main components: (i) Capacity building in DRE (ii) Digital platform to support businesses to evaluate DRE investments and related finance solutions and (iii) Support the ANME Project Implementation Unit in the implementation of the project and audit.
The Chems Technical Assistance project aims to promote decentralized renewable energy (DRE) investments in Tunisia for small and medium-sized enterprises (SMEs) to reduce their carbon footprint and reduce cost of electricity. The proposed project will address the financing gap for DRE solutions by (i) building capacity of local financial institutions (FIs) to finance photovoltaic products for SMEs, (ii) support businesses to make better DRE investment decisions by developing a digital platform to simulate investments in DRE and (iii) supporting the development of enabling policies for private sector investments in DRE.
The grant recipient and implementing partner for the project is the National Agency for Energy Management (ANME), which is a public institution under the Ministry of Energy and Mines. Direct beneficiaries of the technical assistance include local financial institutions, who will receive training and services to build up their capacity to finance distributed renewable energy (DRE) projects. SMEs will benefit through access to a digital platform to evaluate DRE investments and a simplified process to access subsidies from the national Energy Transition Fund (FTE).
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Funding
Fund for African Private Sector Assistance
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| IATI identifier | 46002-P-TN-FF0-003 |
| Last Update | 06 Feb 2023 |
| fapa@afdb.org |