Signature(s)
Summary sheet
The loan will finance small to medium sized investments in Turkey in the fields of renewable energy, energy efficiency and investments that lead to gains in resource efficiency as well as those with significant positive environmental impact.
The project will help Turkey achieve its sustainability goals in the field of energy. Moreover, improving energy efficiency and supporting renewable energy investments will contribute to reducing atmospheric pollution, including greenhouse gas emissions.
The individual schemes to be financed will typically be small and are expected to have limited negative environmental impacts. However, some projects may fall under Annex II of the Environmental Impact Assessment (EIA) Directive requiring a screening decision by the competent authority for the need to carry out an EIA. The Bank will require that under the proposed facility the financial intermediary finances projects that are in compliance with national law and with the principles of EU environmental laws with particular reference to impacts on biodiversity and cumulative impacts.
The Bank will require the financial intermediary to ensure that promoters of the sub-projects make sure that any procurement procedures are done in accordance with the Bank’s Guide to Procurement and the relevant applicable EU public procurement rules.