Gama Enerji Equity

Country:

Turkey

Project number:

47081

Business sector:

Power and energy

Notice type:

Private

ESIA disclosed:

15 Jul 2015

Status:

Cancelled

There is a project summary document available for this project.

Project Description

The EBRD is considering an equity investment of up to US$ 105 million in Gama Enerji A.S (“GEAS”).

GEAS is 73 per cent owned by Gama Holding A.S (“Gama Holding”) and 27 per cent by International Finance Corporation (“IFC”) and IFC Global Infrastructure Fund (“GIF”).

GEAS owns three wind farms and three hydropower plants in Turkey and is currently building a new state-of-the art combined-cycle gas turbine power plant (CCGT) in Turkey with a capacity of 840 MW. The company also operates a water system in Jordan with a conveyance capacity of 100 mcm/year.

This EBRD investment will support the growth of GEAS’ operational capacity up to 2,000-2,500 MW through new projects with a focus on renewable energy and gas-fired plants. The EBRD will also help with the preparations for a potential IPO in the future.

The 840 MW power plant is an A-category project, and the use of proceeds will include the CCGT project. This project is disclosed in accordance with the Bank's Environmental and Social Policy.

ESIA disclosure package

Non-Technical Summary (NTS) of the CCGT: Turkish | English

Stakeholder Engagement Plan (SEP) of the CCGT: Turkish | English

Environmental and Social Impact Assessment (ESIA) of the CCGT:  Turkish | English

Environmental and Social Impact Assessment (ESIA) of Overhead Power Line: Turkish | English

Environmental and Social Action Plan (ESAP): Turkish | English

Full ESIA availability

Full ESIA documentation is available locally at:

  • EBRD, Resident Office Istanbul
    Buyukdere Caddesi No:185
    Kanyon Ofis Binasi Kat: 2
    Levent, Istanbul 34394/TURKEY

    Andi Aranitasi: aranitaa@ebrd.com
     
  • Gama Enerji A.S., Office Ankara
    Gama Building Nergis sok. No:9
    Sogutozu Ankara, Turkey
     
  • Ic Anadolu Dogalgaz Elektrik Uretim ve Ticaret A.S., Office  Kirikkale
    Saglik Mah. Abdi Ipekci Cad. No:45 Hacilar Kasabasi/Kirikkale-Turkey
    Doruk Bilge Tuncer, EHS Manager: dtuncer@gamaenergy.com Tel: +90 312 248 46 00

The ESIA package and Executive Summary will also be released for public review by the project sponsor on its website

The executive summary is available on the EBRD internet sites at www.ebrd.com/eia

Enquiries

Gama Enerji A.S.
Gama Building Nergis sok. No:9
Sogutozu Ankara, Turkey

Ic Anadolu Dogalgaz Elektrik Uretim ve Ticaret A.S.
Saglik Mah. Abdi Ipekci Cad. No:45 Hacilar Kasabasi/Kirikkale-Turkey
Doruk Bilge Tuncer, EHS Manager: dtuncer@gamaenergy.com
+90 312 248 46 00

 

This document was prepared at an early stage of project development, before consideration by the EBRD Board of Directors. Details of a project may change following disclosure.

Environmental and Social Impact Assessments and ESIA summaries are produced by project sponsors, and the EBRD makes them available without any comment or implied endorsement. Any views expressed or statements made in the Environmental and Social Impact Assessment or the ESIA Summary do not necessarily reflect the views or opinions of the EBRD.

Last updated 25 June 2014