📋 Tender Overview
Project ID: 55988
Status: Signed
Location: Türkiye
Business Sector: Energy
Notice Type: Private
Environmental Category: B
Approval Date: 25 Jun 2025
Disclosure date: 18 Aug 2025
Project Description
Senior unsecured loan of up to USD 150 million equivalent in TRY (the "Loan") to Enerjisa Enerji A.S. (the "Enerjisa Enerji" or the "Company").
Enerjisa Enerji is an existing client of the Bank, operating electricity distribution and electricity retail business in Türkiye, serving a quarter of Türkiye's 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 finance (i) the modernization and reconstruction of the electricity network in the Toroslar Region, affected by the destructive earthquakes of 6 February 2023, amounting to USD 125 million equivalent in TRY, and (ii) the development and construction of solar power plants of up to 35MW installed capacity by Enerjisa Customer Solutions, 100% owned by Enerjisa Enerji, amounting to USD 25m equivalent in TRY (the "Project").
Transition Impact
ETI score: 60
The Transition Impact arises from the Green quality:
Green: The Project will support climate mitigation activities through distribution losses reduction resulting from the upgrade and modernization of the electricity network in the Toroslar Region and the installation of up to 35MW of renewable energy capacity, leading to significant reductions in carbon emissions.
