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Thursday, June 17, 2010

World Bank approves Environment and Energy loan to Turkey for 519 million euros

"World Bank approves Environment and Energy loan to Turkey for 519 million euros
Michael Roberts - 17.06.2010
The World Bank ’s Board of Executive Directors on Monday approved a Second Environmental Sustainability and Energy Sector Development Policy Loan (ESES-DPL 2) for Turkey in the amount of Euro 519.6 million (US$ 700 million equivalent).

Turkey’s energy and environment program, supported by the ESES DPL 2, aims to enhance energy security by promoting private sector clean technology investments and operations; to integrate principles of environmental sustainability, including climate change considerations in key sectoral policies and programs; and to improve the effectiveness and efficiency of environmental management in the context of harmonization with the Environmental Acquis of the European Union."

More:Balkans.com Business News : World Bank approves Environment and Energy loan to Turkey for 519 million euros