23. July 2019

Compliance benchmarking of Tunisia's state-owned gas and electricity company

Electrical pylons

The Basel Institute is collaborating with Nestor Advisors on a project to advise on and provide support for the improvement of the compliance management system of the Société Tunisienne de l’Electricité et du Gaz (STEG), Tunisia’s state-owned gas and electricity production and distribution company.

After interviews with the company, the advisors are completing the first phase of benchmarking STEG’s current compliance programme. The next stage will involve advising on developing a compliance action plan tailored to the needs of the company. 

The project is financed by the European Bank for Reconstruction and Development (EBRD) and is one of four technical support projects to STEG. Having contributed to the OECD’s development of the recently approved Anti-Corruption and Integrity Guidelines for State-Owned Enterprises, this is an exciting mandate for the Basel Institute to advise on their implementation by one of Tunisia’s largest public companies.

Photo by Pok Rie from Pexels.