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    Signature(s)

    Amount
    € 50,000,000
    Countries
    Sector(s)
    Turkey : € 50,000,000
    Energy : € 50,000,000
    Signature date(s)
    15/07/2013 : € 50,000,000

    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.

    Comments

    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).

    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.

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    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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