World Bank in talks to help finance $28 bln Turkish energy upgrade, Anadolu reports

Anadolu Efes Biracilik ve Malt Sanayii

09/11/2024 12:29

ANKARA, Nov 9 (Reuters) - The World Bank is in talks
with Turkey to help finance an upgrade to the country's energy
transmission system expected to cost about $28 billion, the
World Bank country director for Turkey told the state-run
Anadolu Agency.
    Humberto Lopez was quoted on Saturday as saying the World
Bank was in talks with Turkey's ministry of energy about the
matter.
    Reuters reported last month that the World Bank was talking
to Ankara about increasing financing beyond the $35 billion it
has already provided through 2028.
    Turkey and the World Bank also signed last month a $1.9
billion financing deal for four projects focusing on renewable
energy, flood management, climate change adaptation and
mitigation, and support for the export sector.

 (Reporting by Huseyin Hayatsever
Editing by Mark Potter)
 ((Huseyin.Hayatsever @reuters.com;))