World Bank Group invests in Türkiye’s power grid
The International Finance Corporation (IFC), the World Bank Group’s private-sector arm, is investing in Uludağ Enerji, a major electricity distribution and retail company serving northwestern Türkiye.
The investment will help modernize electricity infrastructure in the region, improving grid reliability for households and businesses, the group said in a statement.
Uludağ Enerji is majority-owned by Actis, a global investor in sustainable infrastructure.
IFC is investing in the company alongside French development finance institution Proparco.
