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Signature(s)

Amount
€ 75,000,000
Countries
Sector(s)
Türkiye : € 75,000,000
Energy : € 75,000,000
Signature date(s)
9/12/2011 : € 75,000,000
Link to source

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.

Link to source

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).

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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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