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Signature(s)

Amount
€ 50,000,000
Countries
Sector(s)
Türkiye : € 50,000,000
Energy : € 50,000,000
Signature date(s)
15/07/2013 : € 50,000,000
Link to source

Summary sheet

Release date
12 April 2013
Status
Reference
Signed | 15/07/2013
20130035
Project name
Promoter - financial intermediary
ENERGY EFFICIENCY COFINANCING FACILITY
The loan will be intermediated by three selected Turkish banks with a proven track record in energy efficiency projects. The first selected promoter is TURKIYE VAKIFLAR BANKASI (Vakifbank).
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 50 million
EUR 300 million
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

Framework loan to support energy efficiency projects accross Turkey in co-financing with the European Bank for Reconstruction and Development's (EBRD) Turkish Sustainable Energy Financing Facility (TurSEFF) initiative.

The framework loan will support small and medium-scale energy efficiency (for the largest part) and renewable energy projects. Energy efficiency projects will focus on investments in the residential, commercial and industry sectors. Renewable energy projects will include hydro, wind (both under 10 MW), solar, biomass, biogas and geothermal. Final beneficiaries will be SMEs, Mid-caps, energy service companies (ESCOs), individual households and homeowner's associations.

Environmental aspects
Procurement

This operation intends to bring environmental benefits by part-financing projects that contribute in particular to reducing greenhouse gas emissions and thus to mitigating climate change. Projects will have to comply with national law and EU environmental principles. Where applicable, particular attention will be paid to impacts on biodiversity and cumulative impacts in the case of renewable energy. The Intermediary's capacity to support the Bank's Public Disclosure Policy, which aims at facilitating access by the public to environmentally relevant information, will also be assessed.

The Bank will require the promoters to ensure that any procurement procedures are done in accordance with the Bank's Guide to Procurement and principles of the relevant EU directives.

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).

Documents

Environmental and Social Data Sheet (ESDS) - ENERGY EFFICIENCY COFINANCING FACILITY
Publication Date
2 Jan 2014
Document language
Main Topic
Lending
Document Number
48098076
Document Focus
Environmental Information
Project Number
20130035
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - ENERGY EFFICIENCY COFINANCING FACILITY
Publication Date
1 Jan 2019
Document language
Main Topic
Lending
Document Number
88688028
Document Focus
Environmental Information
Project Number
20130035
Sector(s)
Countries
Publicly available
Download now

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.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

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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