Disclosable Restructuring Paper - Turkey Geothermal Development Project - P151739 (Anglais)

The objective of the Geothermal Development Project is to scale up private sector investment in geothermal energy development in Turkey. This will be the first restructuring of the project, which was requested by TKB to be able to cover its incremental...  Voir la suite The objective of the Geothermal Development Project is to scale up private sector investment in geothermal energy development in Turkey. This will be the first restructuring of the project, which was requested by TKB to be able to cover its incremental operating costs associated to the implementation of the RSM from the CTF grant proceeds. Schedule two, Section four. Withdrawal of Grant Proceeds in the CTF Grant Agreement does not include a Category for Operational Costs. Salaries for the RSM Project Implementation Unit in TKB (RSM Unit) will be covered from an administrative fee levied on the RSM beneficiaries. However, the RSM Unit also needs to cover other incremental expenditures associated with project implementation, such as office supplies, office rental, publication of procurement notices, vehicle rental, office and equipment maintenance and repair, communication, travel and supervision costs, subscription to publications and databases, publication fees, ownership of intellectual property rights, and other miscellaneous expenses. As of July 31, 2018, the RSM Unit has incurred US$17,100 in incremental operating costs, mostly associated with the RSM Unit staff travel and accommodation costs to attend the Iceland Geothermal Conference in April 2018, at the invitation of the World Bank and as part of the RSM Unit’s capacity building activities.  Réduire