Turkey: TKYB Renewable Energy and Energy Efficiency On-Lending Facility (AIIB-000141)

Countries
  • Turkey
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Turkiye Kalkinma Bankasi (TKB)
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ AIIB website

Updated in EWS May 18, 2019

Disclosed by Bank Jul 2, 2018


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Project Description

According to AIIB website, the project aims to support sustainable infrastructure development in Turkey through providing a long-term source of financing to a financial institution. 

Investment Description
  • Asian Infrastructure Investment Bank (AIIB)
Private Actors
Contact Information

Asian Infrastructure Investment Bank

Aleksandr Kanunnikov, Project Team Leader
Tel: +86 10 8358 0257
E-Mail: aleksandr.kanunnikov@aiib.org 

Borrower and Implementing Agency (TKB)

Recai Biberoglu
Head of Financial Institutions Departmant Tel: +90 312 231 43 08
E-Mail: recai.biberoglu@kalkinma.com.tr

ACCOUNTABILITY MECHANISM OF AIIB

In addition, the AIIB has a Bank Oversight Mechanism. According to AIIB's policies, "people who believe they have been or are likely to be adversely affected by a failure of the Bank to implement the ESP may also submit complaints to the Bank's oversight mechanism in accordance with the policies and procedures to be established by the Bank for such mechanism." However, at the time of writing, it is unclear what the exact scope and function of this Oversight Mechanism will be.