Turkey offered credit facility by Europe

Ahram Online, Tuesday 21 Dec 2010

Sustainable energy projects to benefit from funding

Turkey
Turkey energy sector facilitated loan of $ 527.3 million by the European Bank for Reconstruction and Development EBRD. (photo: Reuters)

The European Bank for Reconstruction and Development (EBRD) has offered Turkey's banks a credit facility worth $527.3 million to help finance energy projects undertaken by the private sector, reports Reuters.

These projects are aimed to reduce Turkey's dependence on fossil fuels by financing medium scale sustainable energy projects.

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