Imm Waste Incineration Tender

Identification Code OP190004Total Operation Cost 318.126.167Maturity 84 months Operation Status BSTDB Approved Amount 40.000.000 EURApproval Date 01 Apr 2019BSTDB Signed Amount 40.000.000 EUR Signed Date 19 Nov 2019 Status ActiveDescription and Purpose of the OperationJointly financing with Societe General and BNP Paribas as well as Swiss ECA SERV Istanbul Municipalitys solid waste incineration and energy generation project which consists of construction of an electric power generation plant having 3 incineration lines with a total capacity of 1.000.000 tyear.Countries of Operation Turkey 10000 Financial Product LoansSector IndustrialsDomain PublicBorrowerClient Istanbul Metropolitan MunicipalityCo-FinanciersParticipants BNP Paribas and Societe Generale as well as Swiss ECA SERVDevelopmental and Regional Cooperation ImpactThe operation will have favorable economic benefits for the Turkish economy particularly in Istanbul which is an important economic hub of the country. Aside from environmental benefits related to the waste storage and management the planned plant will produce electricity from readily available resources. This factor is particularly important given that Turkey relies heavily on imported products for the domestic electricity generation. With this operation Istanbul will have additional electricity generation plant reliant on domestically available inputs thereby contributing positively to an external balance of the country. Additionally the plant once operation is hoped to be profit making and therefore pay taxes to the budget create employment and have positive multiplier effect.Environmental Classification and Impact summaryCategory A operation requiring a full ESIA meaningful consultation with the public that may be affected by such operations and public disclosure of 60 calendar days before the BoD meeting. The Bank is leading the ESDD process on behalf of the Lenders and is currently in the process of commissioning the independent ESDD to Arup. It aims at identifying and assessing the potential ES risks and impacts associated with the Project and any associated facilities determine what additional ES studies are needed and what prevention minimization and mitigation measures are necessary to be integrated in the Projects and associated facilities design construction stage start up operation and decommissioning in order to ensure compliance with the applicable legal regulatory Lenders institutional requirements the industrys best practices and which will increase the Projects overall sustainability. Upon completion of the ESDD the Consultant will draft a comprehensive Environmental and Social Action Plan ESAP a Stakeholder Engagement Plan and a Non-Technical Summary NTS as per the Lenders requirements. The Consultant will discuss and agree these documents with IMM the EPC Contractor if found necessary the