Release date: 3 May 2012
Promoter – Financial Intermediary
TURKIYE IS BANKASI ASLocation
Description
Framework loan for the financing of eligible sub-projects in Turkey in the fields of renewable energy and energy efficiency.
Objectives
The project would contribute to EU renewable energy and environmental policy goals, in particular as regards the climate targets. It meets the Bank’s priority objectives for energy sector lending (renewable energy sources, energy efficiency) and would support a priority objective in Turkey's Accession Partnership with the EU.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 75 million
Total cost (Approximate amount)
EUR 150 million
Environmental aspects
Most of the projects are expected to fall under Annex II of the EIA Directive requiring a screening decision by the competent authority for the need to carry out an EIA. The Bank will ensure, also through the provision of technical assistance, that the Promoter will finance projects that are in compliance with national and EU environmental laws with particular reference to impacts on biodiversity and cumulative impacts.
Procurement
The Bank will review procurement systems and procedures applied by the promoter during appraisal, including compliance with relevant national legislation and the principles of the relevant EU Directives. The Bank will ensure that the sub-projects comply with the Bank’s Guide to Procurement.
Status
Signed - 26/06/2012
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).