Humberto Lopez, Türkiye Director of the World Bank, stated that discussions with the Ministry of Energy and Natural Resources are still ongoing regarding a $28 billion financing plan aimed at transforming the country’s energy transmission infrastructure.
In an interview with economy-focused Bloomberg HT at the Istanbul Energy Forum, Lopez detailed that the financing would be sourced from various channels, including direct contributions from international financial institutions and favorable commercial financing options.
He also highlighted that the World Bank’s Multilateral Investment Guarantee Agency (MIGA) could play a role in providing these resources.
“This will involve a combination of different sources. We are negotiating significant amounts; the $28 billion financing is critical for ensuring the efficiency of energy infrastructure,” Lopez stated.
Addressing Türkiye’s emerging focus on offshore wind energy, Lopez remarked that the World Bank’s financing opportunities in this sector would depend on the government’s renewable energy portfolio distribution.
Additionally, Lopez emphasized the potential for collaboration with Türkiye on critical raw materials for renewable energy technologies.
Lopez noted that the World Bank is particularly interested in advancing the industrial processing of these materials into final products and discussions with Türkiye are ongoing in this regard.
