"Global Coordinators: IFC, Akbank and WestLB Announce Largest Financing Package in Turkey’s Private Power Sector
WEBWIRE – Monday, June 30, 2008
Washington, DC/New York, June 2008—Acting as global coordinators, IFC, a member of the World Bank Group, Akbank T.A.ª., and WestLB AG, have arranged a €865 million debt package for Turkey’s EnerjiSA Enerji Üretim A.S., as part of a €1.44 billion financing for the initial phase of the company’s investment program. EnerjiSA is owned jointly by Haci Omer Sabanci Holding S.A. and Verbund Österreichische Elektrizitätswirtschafts-Aktiengesellschaft, the equity providers. The first phase will develop the company’s capacity to generate 12,000 gigawatt-hours of electricity a year, potentially reaching 5.7 million consumers."
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