Tunisia energy storage power supply sales

In 2020, the state power utility company, STEG, controlled more than 90% of the country's installed power production capacity and produced more than 80% of the total electricity in Tunisia. The remainder was produced by Tunisia's major independent power producer (IPP), Carthage Power Company (CPC), which owned a 471-MW combined-cycle power plant.

Moreover, the government has plans to launch tenders for about 3.5 GW of renewable energy of about USD 3.5 billion by 2030, or approximately 350 MW per year, over the next ten years. Hence, the above points indicate that the increasing involvement of private players in the market is likely to drive the Tunisia power market over the forecast period.

The energy sector in Tunisia includes all production, processing and, transit of energy consumption in this country. The production involves the upstream sector that includes general oil and gas, the downstream sector that includes the only refinery in Tunisia and most of the production of natural gas, and varied electrical/renewable energies.

The Tunisian power market installed 6312.84 MW of capacity in 2020, and it is expected to reach 11316.94 MW by 2027, registering a CAGR of 7.7% during the forecast period of 2022-2027. Due to the COVID-19 pandemic, the electricity demand in Tunisia registered a significant reduction.

Factors, such as the increasing participation of private players in the market, are likely to drive the Tunisian power market. However, energy security challenges such as strong dependence on natural gas and imports are expected to have a negative impact on the Tunisian power market.

The Tunisia power market is consolidated. Some of the key players in this market include Ansaldo Energia SpA, General Electric Company, Nur Energie Ltd, Seeraj Energy, and Societe Tunisienne de l'Electricite et du Gaz (STEG).