Sub-projects signed under this framework
Translated version of this PSD: Turkish
Project Description
Following the successful implementation of TurSEFF (Turkish Sustainable Energy Finance Facility) launched in July 2010 reaching a total amount of approx. USD 284.2 million including credit lines to five participating banks, in July 2013 the EBRD launched an extension of the Facility (“TurSEFF Extension-I”) in an amount of USD 200 million which was subsequently increased to USD 265 million. Under TurSEFF Extension-I, the EBRD provided financing to four participating banks in Turkey, again for on-lending to private sector borrowers (SMEs) for energy efficiency and small-scale renewable investments.
In order to meet growing demand for sustainable energy finance in Turkey, the EBRD further increased the Facility amount from USD 265 million to USD 315 million in March 2015.
Transition Impact
The Project will generate transition impact by demonstrating the benefits of energy conservation and promoting the expansion of energy efficiency investments in the energy intensive Turkish economy among Turkish SMEs while providing financing and technical assistance for implementing such projects.
The Project is also expected to transfer and build expertise, among both financial institutions and companies, related to energy efficiency and renewable energy investments.
The Client
Clients of TurSEFF Extension-I are commercial banks in Turkey selected among leading banks with extensive outreach to the industrial and SME segment and also institutional capacity and commitment to successfully establish a business line in energy efficiency financing as one of their key priority areas. Some of the banks that participated in the first phase of TurSEFF were also part of the extension and also a new bank decided to join TurSEFF Extension-I. It is expected that other commercial banks will join as new participating banks in 2015.
EBRD Finance
Under TurSEFF Extension-I, funds are provided by the EBRD to participating banks as either secured or unsecured credit lines.
Project Cost
TurSEFF Extension-I USD 315 million.
Environmental Impact
Categorised FI. All participating banks are required to comply with the requirements of EBRD’s Performance Requirement (PR) 2 on Labour and Working Conditions. All sub-loans under the credit lines will need to comply with the requirements of PR9. Sub-borrowers financed through the credit lines will be required to comply with national requirements for environment, health and safety and labour standards. All participating banks will provide annual environmental and social reports to the EBRD.
Technical Cooperation
In line with the technical assistance (‘TA’) programme provided to participating banks and sub-borrowers in TurSEFF, TurSEFF Extension-I will also provide project preparation support to sub-borrowers and build the capacity of participating banks to assess and finance sustainable energy investments. Funding for the TA is provided by the EU from funds remaining under the allocation for the EU/EBRD SME Finance Facility (2006 sub-account) and from the EU IPA 2013 agreement for enhancement of the Turkish Energy Sector.
Company Contact
Aynur Dincer
E-mail: dincera@ebrd.com
Business opportunities
For business opportunities or procurement, contact the client company.
For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com
General enquiries
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com
Public Information Policy (PIP)
The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP
