TEK RESTRUCT
Sector: Power Generation (CCGT) • Location: Turkey
Source: World Bank Group
The main objectives of the loan are to support: (a) corporate restructuring of the Turkish Electricity Authority (TEK) in the context of the Government's State Economic Enterprise (SEE) reform program; and (b) the implementation of an agreed least-cost investment program for the power subsector in both the public and private sectors during the period 1990-1994, and the strengthening of local capa
- Status
- Closed
- Sector
- Power Generation (CCGT), Government
- Location
- Turkey
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Participants
Sponsoring Agency |
Status
Original status | closed |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The main objectives of the loan are to support: (a) corporate restructuring of the Turkish Electricity Authority (TEK) in the context of the Government's State Economic Enterprise (SEE) reform program; and (b) the implementation of an agreed least-cost investment program for the power subsector in both the public and private sectors during the period 1990-1994, and the strengthening of local capacity to assess their environmental impact. The loan will: (a) support the implementation of a corporate restructuring program for TEK which includes: (i) a reform of electricity pricing policy; (ii) a reform of TEK's management practices, including the adoption of an annual corporate performance plan to be agreed between TEK and the government as a means to enhance TEK's managerial autonomy and accountability; and (iii) restructuring of TEK's debt including conversion of part of it into equity; (b) partially finance the foreign exchange cost of a time-slice (1991-94) of TEK's least-cost investment program in power; and (c) finance technical assistance to build up TEK's capability to carry out environmental impact assessments and for (a) and (b) above. |
Original sector | Energy and Extractives |
Budget |
Location
Country | Turkey |
Source
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Power Generation (CCGT), Government |
Article published date | 2025-12-17 |
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