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Turkey - Electricity Distribution Rehabilitation Project : restructuring : Main report (English)

The objective of the Electricity Distribution Rehabilitation Project of Turkey is to help improve the reliability of power supply to consumers in Turkey by supporting the implementation of the electricity distribution network rehabilitation and expansion program. This restructuring paper for the project recognizes a cancellation in the amount of Euro 113 million from the undisbursed amount of the loan, allocated to disbursement category one, 'goods (including supply and installation)' for the implementation of group three and four subprojects. The cancellation was made at the request of TEDAS (Turkiye Elektrik Dagitim A.S. - Turkish Electricity Distribution Corporation) (the Borrower) through a letter dated July 27, 2012 and in accordance with its right under the applicable general conditions. The cancellation became effective as of the same date, on July 27, 2012. This restructuring paper also acknowledges the removal of one sub-project due to the transfer of the relevant regional distribution company (Menderes) to the private sector; and the introduction of a disbursement grace period of four months after the loan closing date, until April 30, 2013.

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Turkey - Electricity Distribution Rehabilitation Project : restructuring : Main report (English). Washington DC : World Bank. http://documents.worldbank.org/curated/en/998281468310468152/Main-report