According to the Bank's website, the project provides funding to the Osmangazi Elektrik Dagitim A.S. to finance the expansion, upgrade and rehabilitation of electricity distribution network.
The Company is wholly owned by Zorlu Osmangazi Enerji Sanayi ve Ticaret A.S. (“Zorlu Osmangazi”), a holding company which in turn is wholly-owned by Zorlu Enerji Elektrik Uretimi A.S. (“Zorlu Enerji”).
Zorlu Enerji is one of the largest independent power producers in Turkey, with interests in power generation, trading, distribution and supply to end-consumers. It owns and operates approximately 1,390 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.
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PROJECT CONTACT INFORMATION
Mr. Erdinc Cetin
+90 212 456 2708
Levent 199, Buyukdere cad. No:199 34394 Sisli, Istanbul, Turkey
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