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    Signature(s)

    Amount
    € 200,000,000
    Countries
    Sector(s)
    Turkey : € 200,000,000
    Energy : € 200,000,000
    Signature date(s)
    17/12/2010 : € 200,000,000

    Summary sheet

    Release date
    28 June 2010
    Status
    Reference
    Signed | 17/12/2010
    20100070
    Project name
    Promoter - financial intermediary
    Yapi Kredi Climate Change Facility

    Promoter : Yapi ve Kredi Bankasi AS
    Final Beneficiaries : Private Sector Companies.

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 200 million.
    Up to EUR 400 million.
    Location
    Sector(s)
    Description
    Objectives

    The proposed framework loan will be used primarily to finance renewable energy and energy efficiency projects as well as other projects with a significant positive contribution towards the environment and the fight against climate change.

    The proposed framework loan will be used primarily to finance renewable energy and energy efficiency projects as well as other projects with a significant positive contribution towards the environment and the fight against climate change.

    Environmental aspects
    Procurement

    The operation intends to create environmental benefits by supporting projects that help reduce greenhouse gas emissions and mitigate climate change. The individual schemes to be financed are likely to be of limited size and would be expected to have limited environmental risks.

    The Bank will review systems and procedures applied by the promoter, including compliance with relevant national and EU legislation, as defined by Procurement Directive 2004/17/EC, and where necessary, publication in the Official EU Journal of the EU.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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