Türkiyes TEIAS and World Bank sign $750M loan deal for power grid upgrade
Summary
TEIAS and the World Bank signed a $750 million loan agreement to upgrade Türkiye’s electricity transmission network. The project will reinforce the grid, digitalize system operations and management, and build TEIAS technical capacity through training and assistance. TEIAS and the World Bank are also discussing additional financing to further strengthen transmission infrastructure. The digitalization element creates a clear software angle for grid operations, monitoring, and infrastructure management vendors.
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