The European Bank for Reconstruction and Development (EBRD), International Finance Corporation (IFC), and the Dutch Development Bank (FMO) will form a partnership to finance an electricity distribution network in Western Anatolia's Osmangazi region. In total, the institutions have pledged $330m, including $65m from the EBRD, $110m from FMO and a $80m loan from the IFO. The network should provide electricity to about 2.7 million people.
The European Bank for Reconstruction and Development (EBRD), International Finance Corporation (IFC), and the Dutch Development Bank (FMO) will form a partnership to finance an electricity distribution network in Western Anatolia's Osmangazi region. In total, the institutions have pledged $330m, including $110m from the EBRD, $65m from FMO and a $80m loan from the IFO. The network should provide electricity to about 2.7 million people.