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EBRD grants a $110M loan to Turkey

2016-8-1

 Turkey: The European Bank for Reconstruction and Development (EBRD) has extended a $110 million loan to help fund development of renewable energy projects in Turkey.

The funds will help development of renewable energy projects including solar, hydropower, wind, geothermal, waste-to-energy and energy efficiency, reports EBR.

The financing is a part of EBRD's effort to help Turkey in meeting electricity demand while reducing dependency on expensive imported fuel and address climate change, reports EBR.

Source: EBR

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