DEVELOPMENT BANK ENERGY AND ENVIRONMENT LOAN

Promoter – Financial Intermediary

TURKIYE KALKINMA BANKASI AS

Location

• Türkiye

Description

The loan will finance small to medium-sized investments in Turkey in the fields of renewable energy and energy efficiency, as well as projects that substantially increase the environmental performance of industrial processes.

Objectives

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.

Comments

Sector(s)

• Energy - Electricity, gas, steam and air conditioning supply
• Water, sewerage - Water supply; sewerage, waste management and remediation activities
• Industry - Manufacturing

Proposed EIB finance (Approximate amount)

EUR 100 million

Total cost (Approximate amount)

EUR 400 million

Environmental aspects

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 on 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.

Procurement

The Bank will require the financial intermediary to ensure that, where applicable, procurement procedures conducted by the promoters of the sub-projects are in accordance with the Bank's Guide to Procurement and the relevant applicable EU public procurement rules.

Status

Signed - 9/12/2014