Renewable Energies BIAT Mobilizes 140 Million Dinars for a Photovoltaic Project in Kairouan

Posted by Llama 3 70b on 03 February 2026

Syndicated Financing for Solar Power Plant in Tunisia

A syndicated financing of 140 million dinars has been mobilized for the construction of a 100 MWac photovoltaic power plant in Chebika, in the Kairouan governorate. The operation is led by BIAT, as agent and arranger, under the GFR Kairouan project, one of the most important solar projects in Tunisia, aimed at strengthening national production of clean energy.

Key Details of the Financing

  • A syndicated loan agreement was signed on February 3, 2026, in Tunis between BIAT, GFR Kairouan, and a pool of banks consisting of UIB, ATB, and UBCI.
  • The loan, worth 140 million dinars, will contribute to the financing of a project with a total cost of 280 million dinars.
  • The power plant will be located in Chebika and will produce 100 MWac, making it one of the largest solar installations in the country.

Project Objectives and Benefits

  • The project is part of the national strategy for energy transition and development of renewable energies.
  • It aims to increase the capacity for electricity production from clean sources, while contributing to energy security and local value creation.
  • The GFR Kairouan project will provide clean electricity to two Tunisian industries, reducing their carbon footprint and strengthening their energy efficiency.
  • All stakeholders and parties involved in the project are Tunisian, contributing to regional economic development.

Financial Structure and Governance

  • In this financial structure, BIAT plays a multiple role: syndicator of the loan, debt financier, and equity investor through its subsidiary BIAT Capital Risque.
  • Experts from BIAT's Banque de Financement et d'Investissement (BFI) orchestrated the operation, ensuring structured financing and effective coordination between all parties involved.
  • The implementation of the power plant will be governed by rigorous governance and will respect environmental and social standards in force.
  • The works, estimated to last 12 months, will be subject to close technical monitoring by all institutions involved.
BNB Tunisie