EBRD to invest EUR 250 mln. in Turkish energy sector in 2019

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Turkey’s energy sector has been attracting around EUR 250 million ($280 million) per year from the European Bank for Reconstruction and Development (EBRD) and the bank plans to maintain the same levels of financing in 2019 as well, Managing Director for Sustainable Infrastructure Group at the EBRD, Nandita Parshad, said on June 19.

Nandita Parshad had an exclusive interview with Anadolu Agency in Istanbul on the EBRD’s future plans for Turkish energy sector, according to hurriyetdailynews.com.

To date, the EBRD has invested directly about EUR 1.6 billion in the energy sector in Turkey in 22 cases with loans, equity and bonds.

Parshad stated that the average amount the bank invested in Turkey’s energy sector is EUR 250 million.

This year, the EBRD has already invested $100 million in a stake of Içtaş Sürdürülebilir Enerji Yatırımları, the renewable energy arm of Turkey’s IC Energy Holding, she said. The firm owns a portfolio of 10 hydropower plants with a total capacity of 400 megawatts.

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