IFC, AIIB, FMO and Green for Growth Fund have signed agreements with Enerjisa, including sustainability link elements, to provide a total loan amount of TRY equivalent of USD 340 million to Enerjisa. The financing transaction is marked as the first sustainability-linked financing in the Turkish electricity distribution sector.

This financing will be used for strengthening and modernization of the electricity infrastructure across 14 cities where Enerjisa’s distribution companies AYEDAŞ, Başkent EDAŞ and Toroslar EDAŞ operate, with a particular focus on network investments in earthquake-affected regions, as well as the expansion of the charging network of E-Şarj.

The Paksoy team was led by partner Sera Somay and counsel Zekican Samlı, together with associate Muhammed Tosun, acting as Turkish legal counsel to the banks.

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