Zorlu Disco (IFC-39691)

  • Turkey
Where the impacts of the investment may be experienced.
Specific Location
Eskisehir, Afyon, Usak, Kutahya and Bilecik
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
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.
The holder of the loan, grant, or other investment.
  • Construction
  • Energy
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
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.
Project Cost (USD)
$ 350.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 9, 2018

Disclosed by Bank Feb 26, 2018

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Project Description

This project provides financing to Osmangazi Elektrik Dagitim A.S., a Turkish electricity distribution company, for the rehabilitation, upgrade and expansion of its electricity distribution network.

Investment Description
Private Actors Description

Osmnagazi Elektrik Dagitim is wholly-owned by Zorlu Osmangazi Enerji Sanayi ve Ticaret A.S., a holding company which in turn is wholly-owned by Zorlu Enerji Elektrik Uretimi A.S.

 Zorlu Enerji is one of the largest power companies in Turkey, with interests in power generation, trading, distribution and supply to end-consumers. It owns and operates approximately 1,100 MW of power generation across different technologies in Turkey, Israel and Pakistan. In 2016, Zorlu Enerji established Zorlu Osmangazi to acquire the Company and Osmagazi Elektrik Perakende Satis A.S. (“OEPSAS”), the incumbent electricity supplier operating in the Company’s distribution region. Zorlu Enerji is listed on the Istanbul Stock Exchange and is majority owned by Zorlu Holding A.S. 

 Zorlu Holding is one of the largest conglomerates in Turkey, with business segments diversified across energy, electronics and white goods, textiles, real estate and mining.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Osmangazi Elektrik Dagitim A.S. Client -
- - - - Zorlu Enerji Elektrik Uretimi A.S. Parent Company -
- - - - Zorlu Osmangazi Enerji Sanayi ve Ticaret A.S. Parent Company -

Contact Information

Zorlu Energy Group 
Mr. Erdinc Cetin 
Manager, Financing 
+90 212 456 2807 
Sisli, Istanbul Turkey 

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