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Framework loan for the financing of eligible sub-projects in Turkey in the fields of renewable energy and energy efficiency and of small and medium-sized enterprises (SMEs)
The project would contribute to EU renewable energy and environmental policy goals, in particular as regards the climate targets. It meets the EIB's priority objectives for energy sector lending (renewable energy sources, energy efficiency) and would support a priority objective in Turkey's Accession Partnership with the EU.
Most of the projects are expected to fall under Annex II of the Environmental Impact Assessment (EIA) Directive requiring a screening decision by the competent authority on the need to carry out an EIA. The EIB will ensure, also through the provision of technical assistance, that Isbank will finance projects that are in compliance with the applicable national and EU environmental laws with particular reference to impacts on biodiversity and cumulative impacts.
The EIB will review procurement systems and procedures applied by Isbank during appraisal, including compliance with relevant national legislation and the principles of the relevant EU directives. The EIB will ensure that the sub-projects comply with the Bank's Guide to Procurement.