A Grant Agreement entered into force between Turkey and the
International Bank For Reconstruction and Development
("World Bank") on 19 June 2015. The
grant is intended to support development of Turkey's
administrative and technical capacity, improving alignment with the
EU acquis and Europe 2020 Targets. The Grant Agreement becomes
legally binding on Turkey on publication in the Official Gazette.
Accordingly, the Turkish Council of Ministers approved the Grant
Agreement on 12 October 2015, with a decision published in Official
Gazette number 29530 on 12 November 2015.
The Grant Agreement is intended to develop Turkey's
administrative and technical capacity of institutions, to support
increasing alignment with the EU acquis and Europe 2020 Targets
Internal energy market.
Long-term energy planning and
In this context, the World Bank is acting as administrator of
the European Union Instrument for Pre-Accession Trust Fund,
established with funds provided by the European Commission.
Under the Grant Agreement, the World Bank agrees to give Turkey
EUR 11,593,021 ("Grant") to assist
financing the Project.
The Grant is allocated to the Project as follows:
EUR 4,817,097 for Energy
EUR 1,533,957 for Electricity and Gas
EUR 4,771,047 for Long-term Energy
Scenarios, Capacity Building and Establishment of an Energy Data
EUR 470,920 for Visibility and Public
The Project will be implemented by Turkey's Ministry of
Energy and Natural Resources.
The Grant Agreement outlines detailed matters about Project
execution, monitoring, reporting and evaluation and procurement, as
well as withdrawal of Grant proceeds. It includes mandatory
provisions for procurement under bank-financed contracts subject to
national competitive bidding.
Please see this link for the full text of the Grant Agreement
and the Council of Ministers' approval decision.
Information first published in the
MA | Gazette, a fortnightly legal update newsletter produced by
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