Türkiye is negotiating with the World Bank to secure funding for upgrading its energy transmission grid as part of a broader plan to significantly increase renewable energy generation and reduce reliance on fossil fuels. The $28 billion transmission plan is crucial to Türkiye’s goal of quadrupling its renewable energy capacity from 30 gigawatts (GW) to 120 GW by 2035, with an additional $30 billion earmarked for improving transmission infrastructure.
The funding, which Türkiye is seeking from the World Bank, is aimed at modernizing the transmission backbone, managed by the state-run company TEIAŞ. However, there is also a need for modernization of the distribution grid, which is managed by the private sector.
The upgraded transmission network will support Türkiye’s ambitions to become a power exporter, with existing and new international grid connections. This includes new power links with neighboring countries, such as a recent 300 MW transmission to Iraq, plans for a second connection with Greece, and a new line between Türkiye and Iran.
