Enerjisa Enerji Secures USD 207 Million 7-Year Financing from EBRD for Electricity Distribution Investments
With the vision of a better future for all, Enerjisa Enerji, aiming to spearhead Türkiye’s energy transition, has signed a new loan agreement with the European Bank for Reconstruction and Development (EBRD) for a Turkish lira amount equivalent of USD 207 million. Providing electricity distribution services to more than 22 million users across 14 provinces in Türkiye, the company prepares its distribution grids for the demands of the future through the new financing.
EBRD Secures First European Fund for Sustainable Development + Support for the Electricity Distribution Sector in Türkiye for Enerjisa Enerji Loan
The long-standing cooperation between Enerjisa Enerji and EBRD has been taken to the next level, as. the new financing will benefit from the support of the European Union’s European Fund for Sustainable Development + Hi Bar Gurantee Programme (EFSD+). The guarantee provided under EFSD+ will mark the first EFSD+ support for a loan extended through EBRD in Türkiye’s electricity distribution sector.
At the signing ceremony held as part of the agreement, Enerjisa Enerji CFO Philipp Ulbrich and Treasury, Risk and Tax Director Cem Gökmen Gökkaya came together with Elisabetta Falcetti and Şule Kılıç on behalf of EBRD.
ÖZSÜREKCİ: “A STRONG DISTRIBUTION INFRASTRUCTURE LIES AT THE HEART OF THE ENERGY SYSTEMS OF THE FUTURE”
Commenting on the agreement, Enerjisa Enerji CEO Oğuzhan Özsürekci said:
“A strong distribution infrastructure lies at the heart of the energy systems of the future. With the acceleration of electrification, the increasing share of renewable energy sources and changing consumption patterns, grids are no longer merely an infrastructure that carries energy, but are becoming an key enabler of the energy transition. As Türkiye’s leading electricity distribution company, in line with our vision of ‘A Better Future for All’, we are preparing our grids for the needs of the future and continuing our investments for a stronger, more efficient and resilient energy infrastructure.
We see the new financing agreement with EBRD as an important part of our long-term investment approach. The confidence that international financial institutions place in Enerjisa Enerji and our investment program enables us to continue our investments in Türkiye’s energy infrastructure with greater strength. As we further expand our long-standing cooperation with EBRD, we will continue to implement investments that contribute to our country’s energy transition and create value for our users.”
ULBRICH: “OUR SOLID CREDIBILITY SUPPORTS OUR ACCESS TO LONG-TERM FINANCING”
Commenting on the agreement, Enerjisa Enerji CFO Philipp Ulbrich said:
“This financing, amounting to the Turkish lira equivalent of USD 207 million with a 7-year tenor, is reflecting our strategy oflong-term and diversified funding. Our effective debt management keeps our leverage at a solid and sustainable level, while we continue to preserve our strong balance sheet and financial flexibility. Through our transparent, predictable and disciplined approach to financial management, we continue to strengthen our credibility with international financial institutions and secure access to long-term funding at this scale and at competitive pricing.
We are pleased to further advance our long-standing cooperation with EBRD. It is also particularly valuable to us that this financing is supported by a guarantee from the European Union’s European Fund for Sustainable Development Plus (EFSD+). With the support of strong international partners such as EBRD and the European Union, we will continue with determination to pursue our long-term investments that support Türkiye’s energy transition while maintaining our financial stability.”
Sule Kilic, Director, Energy Eurasia at the EBRD, said: “As Türkiye advances its energy transition, strengthening electricity networks is becoming increasingly important. Through our longstanding partnership with Enerjisa Enerji, we are supporting investments that will modernise and expand network capacity, improve service quality for millions of consumers and help ensure that the benefits of the energy transition are delivered across the country.”
