| Project Detail |
A senior unsecured term loan up to USD 110 million equivalent in TRY (EUR 94 million) in favour of Enerjisa Enerji A.S. (the Borrower or the Company). Enerjisa Enerji is an existing client of the Bank operating electricity distribution and electricity retail business in Turkey serving a quarter of Turkeys population. Enerjisa Enerji operates as a JV between Sabanci Holding and E.ON, each holding 40%. Remaining 20% is free float on Borsa Istanbul. Project Objectives The EBRD Loan will finance part of the 2021-2025 investment plan of Enerjisa focused on upgrade and modernisation of the existing network including smart metering and smart grid systems, support network digitalisation, improved reliability of power supply, and integration of renewables as well as environmental, health and safety improvements and reduction of losses. |
