World Bank Approves loan for Turkey's electricity sector

Jun 15, 2009 02:00 AM

The World Bank has approved a loan of $ 800 mm (EUR 561 mm) to support Turkey to meet its electricity demand, the bank said.
The loan -- PEDPL 1 -- is a part of a World Bank development policy program in electricity sector, and it aims at helping Turkey supply electricity to keep pace with the high rate of demand growth in the country.

Turkey has recently renewed its national electricity strategy and the country's electricity sector has been undergoing a number of extensive reforms.

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