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Renewable Energy Integration Project in Turkey to receive $350 million

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9 May 2014 – Washington, DC, USA and Ankara, Turkey – The World Bank has announced that its Board of Executive Directors has approved financing of US$300 million from the International Bank for Reconstruction and Development (IBRD) and US$50 million from the Clean Technology Fund (CTF) for Turkey’s Renewable Energy Integration Project. The project will be implemented by TEIAS, the Turkish electricity transmission company, with a guarantee from the Turkish Treasury.

140509-pmwj23-turkey-IMAGEThe project’s main development objective is to assist the country in meeting its increasing power demand by strengthening the transmission system and facilitating large-scale renewable energy generation. From the global environmental point of view, the project aims to avoid greenhouse gas (GHG) emissions from fossil fuel-based power through the greater integration of renewable energy source-based generation in Turkey.

The project components are expected to help alleviate the key barriers that inhibit faster development of wind energy in Turkey:

  • Component 1 supports the expansion of transmission infrastructure to facilitate faster development of wind power plants in the provinces of İzmir, Çanakkale, and Kırklareli.  These three provinces constitute nearly 70 percent of the installed wind capacity in Turkey, and, due to their high wind potential, will continue to attract more wind power invetsments.
  • Component 2 supports smart-grid investments to strengthen grid operation and management, which will enable TEIAS to handle the increasing amounts of wind energy.
  • Component 3 supports the second Lapseki-Sütlüce submarine power cable which will connect the Anatolian side and Thrace side of Turkey, with a capacity of 2GW. As a result of this sub-component, the 380kV bulk-transmission network to Istanbul across the Bosphorus and Dardanelles straits will form a secure strong loop network around the Marmara Sea.
  • Component 4 supports the strengthening of transmission networks to cater to growing demand and supply of electricity in Turkey. This component includes the Yeni Ambarli-Yenibosna single-circuit underground cabling among other investments.

The US$50 million funding from the CTF would be utilized towards components 1 and 2 of the project, which contribute directly to the accelerated expansion of wind energy in Turkey.

The Renewable Energy Integration Project complements previous investments by the World Bank Group to tap Turkey’s significant renewable energy potential from hydro, wind, solar, biomass, geothermal, and other resources.

“Turkey has considerable renewable energy potential. However, substantial public and private investment is needed to fully exploit this resource,” said Martin Raiser, World Bank Country Director for Turkey. “As the World Bank, we have supported Turkey’s energy sector reforms for over a decade, with the objective of making Turkey’s energy sector cleaner, more secure, and less dependent on imports. This project is another important step in this direction.”

For more information about this project, go to.

For more about World Bank projects in Turkey, visit .

The World Bank Group is one of the world’s largest sources of funding and knowledge for developing countries. It comprises five closely associated institutions: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), which together form the World Bank; the International Finance Corporation (IFC); the Multilateral Investment Guarantee Agency (MIGA); and the International Centre for Settlement of Investment Disputes (ICSID). Each institution plays a distinct role in the mission to fight poverty and improve living standards for people in the developing world. For more information, please visit , , and .

Since 1947, the World Bank has provided financing for more than 11,000 projects in over 100 countries.  To learn more about past and current IBRD projects, visit

Source: The World Bank