The World Bank said Tuesday it has signed and agreement with Turkey's state-run electricity distribution company TEDAS on a EUR205 million electricity distribution rehabilitation project loan, the Ihlas News Agency, or IHA, reported.
The World Bank said Tuesday it has signed and agreement with Turkey's state-run electricity distribution company TEDAS on a EUR205 million electricity distribution rehabilitation project loan, the Ihlas News Agency, or IHA, reported.
The bank said the 15-year loan with a grace period of five years will be guaranteed by the Republic of Turkey.
The project aims to improve the reliability of power supply to consumers in Turkey, will support rehabilitation and expansion of electricity distribution in critical areas, help reduce interruptions in supply, and help improve the distribution system's compliance with safety regulations.
The bank didn't provide details of the cost of the loan.
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