World Bank Group Invests in Turkiye's Power Grid to Support Energy Security, Growth and Jobs
Turkey, July 23 -- The International Finance Corporation (IFC), the private sector arm of the World Bank Group, is investing in Ulu? Enerji Da??t?m ve Perakende Sat?? Hizmetleri A.?. (Uluda? Enerji), a leading electricity distribution and retail company in northwestern Turkiye, majority-owned by Actis. The investment will help modernize electricity infrastructure in the region, improving grid reliability for households and businesses.IFC is participating as an equity investor in Uluda? Enerji alongside Proparco. The investment will support Uluda? Enerji's broader program to upgrade and expand the electricity network serving the Uluda? region, one of Turkiye's leading industrial centers, and to build resilience against risks such as heatwave...
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