Turkey, Aug. 5 -- The World Bank has approved today a package of financing for the Turkiye - Transforming Power Transmission System Project (TPTS), including a EUR 625 million (US$ 707.9 million equivalent) loan from the International Bank for Reconstruction and Development (IBRD), a EUR 32.798 million (US$ 38 million equivalent) loan from the Clean Technology Fund (CTF), and a US$ 2 million CTF grant. This major project aims to enable the integration of increased renewable energy capacity into Turkiye's national power transmission grid, supporting the country's clean energy transition and climate resilience goals.This project, which marks Phase 7 of the broader Renewable Energy Scale-Up in Europe and Central Asia (ECARES) Program, will hel...