Untitled Document

Clean tech fund's first financing goes to Turkey renewables

(Jun 3, 2009) The World Bank Board has approved US$600 million in financing for a Turkish renewable energy program, including hydropower.

The bank said it is providing US$500 million from the International Bank for Reconstruction and Development and US$100 million in the first allotment from the new US$5.2 billion Clean Technology Fund.

Turkey’s Private Sector Renewable Energy and Energy Efficiency Project is to help increase privately owned and operated energy production from indigenous renewable resources. It intends to tap Turkey’s renewable energy potential including hydropower, wind, solar, biomass, geothermal, and other resources.

The program funds include loans to Turkiye Sinai Kalkinma Bankasi, a private industrial development bank, and Turkiye Kalkinma Bankasi, a government development bank. They, in turn, are to use the money for credit line financing of renewable energy and energy efficiency investments.

Other donors such as Kreditanstalt fur Wiederaufbau and the United Nations Development Program are to provide parallel technical assistance financing from their existing and planned programs. Additional financing and technical assistance also are expected from Agence Francaise de Developpement and Japan International Cooperation Agency, the World Bank said May 28, 2009.

Latest Slideshow

Your Picture Here: Send Us Your Dam Selfie

View Slideshow >>

more slideshows >>   

Hydro Whitepapers

Hydro Industry Financials

Most Read Articles

Recent Comments

Continuing Education

Professional Development Hours
To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Volume 34, Issue 2
Volume 23, Issue 2

Archived Articles

2006 | 2007 | 2008 | 2009 | 2010 2011 | 2012 | 2013
Hydro Review Past Issues

Buyers Guide Companies

Nanning Lijie Energy Saving Electric Co Ltd

Nem Chand & Bros

Providing all kind of technical publication inc...

Sanghvi Forging and Engg Ltd

Supplies forgings from India. The company is a...

Asian Industries

Manufacturers and exporters of rubber seals for...

Bhawani Industries Ltd