BIAT Announces Participation in Syndicated Loan for 100 MWac Photovoltaic Power Plant
The BIAT has announced its participation as agent and arranger of a syndicated loan totaling 140 million dinars to finance a 100 MWac photovoltaic power plant located in Chebika, Kairouan Governorate. The banking pool includes, alongside BIAT, partner institutions: UIB, ATB, and UBCI.
A syndicated loan agreement was signed between BIAT, GFR Kairouan, and participating banks - UIB, ATB, and UBCI - during a ceremony held on February 3, 2026, at BIAT's headquarters. The syndicated loan, worth 140 million dinars, was granted for the construction of a 100 MWac photovoltaic power plant in Chebika, Kairouan Governorate. This is one of the largest photovoltaic power plants in the country, with a total cost of 280 million dinars, contributing to the strengthening of the clean energy supply.
Project Overview
This project, which involves all Tunisian stakeholders, is fully in line with the national strategy for energy transition and the development of renewable energies. It aims to increase the capacity for electricity production from renewable resources, while contributing to energy security and local value creation. The project aims to provide clean electricity to two Tunisian industries, reducing their carbon footprint.
BIAT's Role
BIAT is involved in the financial structuring of the GFR Kairouan project as both a loan syndicator, debt financier, and equity investor - through its subsidiary BIAT Capital Risque. The operation was led by the experts of BIAT's Banque de Financement et d'Investissement (BFI), who played a central role in orchestrating the operation.
Thanks to the support of BIAT's BFI, the project benefited from structured financing, harmonized mobilization of stakeholders, and effective execution, reflecting an integrated approach to performance. This dynamic led to tailored solutions with high added value, combining investment, financial engineering, financial and legal advice of high level, as well as a capacity for sustainable support of all project partners.
Statement from Elyes Jebir, Director General of BIAT
"BIAT confirms, through this operation, its positioning as a reference actor in the financing of infrastructure projects and energy transition in Tunisia. We are proud to support a project that combines economic performance and significant environmental contribution," declares Elyes Jebir, Director General of BIAT.
Project Implementation
The project will be implemented within a rigorous governance framework and in accordance with environmental and social standards in force, ensuring its alignment with international best practices. The construction works, estimated to last 12 months, will be subject to close technical monitoring by all involved institutions.
BIAT's Commitment to Sustainable Development
Through this initiative, BIAT reaffirms its commitment to responsible, inclusive, and forward-looking development. By supporting green infrastructure of this scale, the bank directly contributes to the national energy transition and the creation of regional economic opportunities. This project fully illustrates BIAT's willingness to assume its role as a reference partner for economic and social progress in Tunisia.
