The European Bank for Reconstruction and Development (EBRD) is providing a loan of US$150 million (€128 million) to Türkiye’s leading electricity distribution and energy solutions company, Enerjisa Enerji. The funding will be used to rebuild and modernise the electricity network in the earthquake-affected Toroslar region and to develop solar power plants, ensuring both recovery and progress toward sustainable energy solutions.
The Toroslar region, which represents around one-third of Enerjisa Enerji’s total operations, was among the areas hardest hit by the February 2023 earthquakes. These disasters caused severe damage to the power distribution network and led to more than 55,000 fatalities nationwide. In response, the EBRD announced a €1.5 billion, two-year support package to assist with recovery, which includes investments in infrastructure, credit lines, and support for businesses and private-sector development.
Through this loan, Enerjisa Enerji will repair and upgrade the damaged grid, contributing to the broader reconstruction process. In addition, the company will install solar facilities to provide clean, renewable energy to corporate customers, aligning reconstruction with long-term sustainability goals. This initiative highlights the EBRD’s ongoing support for Türkiye’s green agenda, focusing on reducing carbon emissions, minimising distribution losses, and strengthening renewable energy capacity.
The transaction also introduces the Board Director Nomination Toolkit for Companies in Türkiye, an initiative led by the EBRD to promote boardroom diversity and sustainable private-sector growth. Enerjisa Enerji will collaborate with the EBRD to raise awareness of the toolkit and set an example for the energy sector by encouraging inclusive and gender-diverse leadership structures.
Commenting on the initiative, Matteo Patrone, EBRD Vice President for Banking, emphasised the need for long-term strategic partnerships to ensure reliable and sustainable power as a foundation for recovery and human well-being. Enerjisa Enerji’s CFO, Philipp Ulbrich, underscored the company’s financial resilience and its ability to secure international confidence despite challenging conditions, noting that the partnership with the EBRD reflects investor trust in Türkiye’s energy transition.
The EBRD has been a major investor in Türkiye since 2009, committing more than €22 billion across 495 projects and trade finance limits, with a focus on strengthening the private sector and supporting sustainable development.
Related Posts
