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    Signature(s)

    Amount
    € 75,000,000
    Countries
    Sector(s)
    Turkey : € 75,000,000
    Energy : € 75,000,000
    Signature date(s)
    9/12/2011 : € 75,000,000

    Summary sheet

    Release date
    12 September 2011
    Status
    Reference
    Signed | 09/12/2011
    20110227
    Project name
    Promoter - financial intermediary
    Vakifbank Climate Change Facility

    Mr Mustafa Turan
    Manager
    Türkiye Vakiflar Bankası T.A.O.
    Çamlik Ca. Çayir Çimen Sok. No: 2 Kat:5
    34330 1. Levent – Istanbul
    Turkey
    Tel: +90 212 316 73 31
    Fax: +90 212 316 71 26 - 27
    e-mail: mustafa.turan@vakifbank.com.tr

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 75 million
    Up to EUR 200 million (to be appraised)
    Location
    Sector(s)
    Description
    Objectives

    Framework loan for the financing of eligible sub-projecs in Turkey in the fields of renewable energy and energy efficiency.

    The project would contribute to EU renewable energy and environmental policies (particularly climate change policies). It meets the Bank’s priority objectives for energy sector lending (renewable energy sources, energy efficiency) and would support a priority objective of the Accession Partnership with the EU.

    Environmental aspects
    Procurement

    The individual schemes could be categorised as Annex I or II-type projects under the EIA Directive, which would require respectively a mandatory EIA or a review by the competent authority for the need to conduct one. The Bank will assess the promoter’s capacity and procedures to ensure compliance with national and European environmental and biodiversity regulations as well as its capacity to support the Bank's Public Disclosure Policy.

    The Bank will review systems and procedures applied by the promoter during appraisal, including compliance with relevant national legislation and the principles of the EU laws on the subject. The Bank will ensure the underlying projects comply with the Bank’s Guide to Procurement.

    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).

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