Release date: 14 October 2009
Promoter – Financial Intermediary
Industrial Development Bank of Turkey (TSKB)Development Bank of Turkey (TKB)
Location
Description
The operation follows the successful implementation of the initial facility signed in 2008. It will be dedicated to financing environment and energy investments in Turkey through a framework loan structure.
Objectives
Sub-projects financed through the facility will be small to medium sized investments with a total cost up to EUR 50m. The new facility mainly targets renewable energy, energy efficiency and pollution abatement investments as well as other investments with a significant positive environmental impact.
Comments
Protection of Environment
Energy Projects excluding TENs
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 300.00 million
Total cost (Approximate amount)
Up to EUR 600.00 million
Environmental aspects
All investments financed from the resources made available by the Bank are required to comply with the relevant national legal framework and with the EU environmental policy and the environmental acquis, as appropriate and in particular the EIA Directive (as amended), the Habitats and Birds Directives and the relevant sectoral environmental legislation, in such a way that the main principles and requirements of the EU EIA Directive will be fully respected.
Procurement
The legal documentation will oblige the intermediaries to ensure where public tendering is required by national or applicable EU regulations, procurement procedures are done in accordance with EIB Guidelines.
Status
Signed - 10/12/2009