| Project Detail |
Location:
Türkiye
Project number:
54731
Business sector:
Energy
Notice type:
Private
Approval date:
24 Jan 2024
Status:
Signed
PSD disclosed:
31 Jan 2024
Senior unsecured loan of up to USD 100 million equivalent in TRY to Enerjisa Enerji A.S. (the "Enerjisa Enerji" or the "Company"). The project will be co-financed by the High Impact Partnerships for Climate Action funding framework with a loan of up to USD 10 million.
Enerjisa Enerji is an existing client of the Bank, operating electricity distribution and electricity retail business in Turkiye, serving a quarter of Turkiyes population.
Enerjisa Enerji operates as a JV between Sabanci Holding and E.ON, with each holding 40%. The remaining 20% is free float on Borsa Istanbul.
Project Objectives
The proceeds of the loan will be used to support modernization and reconstruction investments of the electricity network in the Toroslar Region (electricity distribution region consisting of five cities, all of which are in the southern part of Turkiye), affected by the destructive earthquakes of 6 February 2023. |
