World Bank in talks to help finance $28 billion Turkish energy upgrade, Anadolu reports

The World Bank is in talks with Turkey to help finance an upgrade to the country's energy transmission system expected to cost about $28 billion, the World Bank country director for Turkey told the state-run Anadolu Agency.

Humberto Lopez was quoted on Saturday as saying the World Bank was in talks with Turkey's ministry of energy about the matter.

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Reuters reported last month that the World Bank was talking to Ankara about increasing financing beyond the $35 billion it has already provided through 2028.

Turkey and the World Bank also signed last month a $1.9 billion financing deal for four projects focusing on renewable energy, flood management, climate change adaptation and mitigation, and support for the export sector.