Provision of a senior secured loan of up to USD 20 million to Yander Elektrik Muhendislik Musavirlik Insaat Turizm Ve Ticaret A.S. to finance construction of a 55 MW wind farm in Izmir, Western Turkey (the Project). Yander Elektrik Muhendislik Musavirlik Insaat Turizm Ve Ticaret A.S. is a special purpose vehicle incorporated in Turkey for the sole purpose of developing, constructing and operating the Project. It is majority owned by Alcazar Energy Partners, a Dubai-based independent developer and power producer active in the Middle East, Africa and Turkey. Alcazar is owned, among others, by IFC, IFC Catalyst Fund, Mubadala Infrastructure Partners, Blu Stone Management and DASH Ventures. The Project will support Turkey in increasing its electricity generation capacity from clean, renewable sources and will also bring a new foreign, private investor to the sector.
ESIA disclosure package
Full ESIA availability
Full ESIA documentation is available locally at:
Esentepe mh. Büyükdere cd. No.185
K-6 Kanyon Ofis Binası Şişli;
EBRD Resident Office address, contact name and telephone
Mehmet Erdem Yasar
EBRD Istanbul Resident Office
Büyükdere Caddesi, 185
Kanyon Ofis Binası, Kat: 2
Tel: +90 212 386 1100
Client website: www.alcazarenergy.com
Environmental and social enquiries
Alcazar Energy Partners
Suite 802-803, South tower
Emirates Financial towers, DIFC
P.O. Box 507122
Dubai, United Arab Emirates
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