Release date: 26 October 2007
Promoter – Financial Intermediary
Industrial Development Bank of Turkey (TSKB)
Development Bank of Turkey (TKB)
Location
Description
The credit line will be dedicated to finance small and medium scale investments (up to EUR 50 million in projects costs) in the environment and energy sector, including renewable energy, pollution abatment, natural gas distribution and energy efficiency projects.
Objectives
The project fully supports the objectives of the Pre-Accession Mandate by providing financing for a number of smaller investments in the environment and energy sectors that would otherwise be too small as individual projects for direct EIB funding.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 200 million.
Total cost (Approximate amount)
Not apllicable.
Environmental aspects
All investments financed from the resources made available by the Bank are required to comply with the relevant national legal framework and to be acceptable in environmental terms for the Bank, in-line and as appropriate, with EU Environmental policy and directives.
Procurement
The legal documentation will oblige the intermediaries to ensure that procurement procedures are done in accordance with the EIB Guidelines.
Status
Signed - 8/05/2008
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).