IFC Supports Energy Resilience and Earthquake Reconstruction in Turkiye
Turkey, Oct. 27 -- IFC announced a landmark sustainability-linked loan to Enerjisa Enerji A.?. (Enerjisa), a leading private utility company in Turkiye. The investment aims to refurbish the power distribution network in regions impacted by the February 2023 earthquakes and help modernize the grid in two other distribution regions operated by Enerjisa.The funding is part of a $340 million debt financing package in Turkish lira equivalent provided by the Asian Infrastructure Investment Bank (AIIB), Dutch Entrepreneurial Development Bank (FMO), Green for Growth Fund (GGF), and IFC. IFC's financing is a six-year local currency loan of $150 million.The funding will help Enerjisa repair critical infrastructure damaged by the February 2023 earthqu...
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