Mersinli Wind Farm (EBRD-49199)

Countries
  • Turkey
Where the impacts of the investment may be experienced.
Specific Location
Izmir
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
  • European Bank for Reconstruction and Development (EBRD)
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
A
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.
Voting Date
May 23, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Yander Elektrik Muhendislik Musavirlik Insaat Turizm Ve Ticaret A.S.
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 20.00 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)
$ 85.00 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 @ EBRD website

Updated in EWS Apr 5, 2018

Disclosed by Bank Mar 22, 2018


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Project Description

This project provides financing to a special purpose vehicle, fully owned by Alcazar Energy Partners, to develop a 55MW wind farm, the Mersinli WPP, in Izmir, Western Turkey.

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Private Actors
  • Alcazar Energy -- Parent Company
  • Yander Elektrik Muhendislik Musavirlik Insaat Turizm Ve Ticaret A.S. -- Implementing Company

Yander Elektrik Muhendislik Musavirlik Insaat Turizm Ve Ticaret A.S. is a special purpose vehicle established to develop the Mersinli WPP.

Alcazar Energy, the 100 per cent owner of the Mersinli WPP, is a Dubai-based independent developer and power producer focused on renewable energy generation in the broader Middle East, Turkey and Africa. It is owned, among others, by IFC, IFC Catalyst Fund, Mubadala Infrastructure Partners, Blu Stone Management and DASH Ventures.

Contact Information

Jean-Christophe Combourieu
jccombourieu@alcazarenergy.com
+971 4 558 7805
www.alcazarenergy.com

Full ESIA documentation is available locally at:

Esentepe mh. Buyukdere cd. No.185
K-6 Kanyon Ofis Binasi Sisli;
Istanbul; Turkey
EBRD Resident Office address, contact name and telephone
Mehmet Erdem Yasar

EBRD Istanbul Resident Office
Buyukdere Caddesi, 185
Kanyon Ofis Binasi, Kat: 2
Levent
34394 Istanbul
Turkey
Tel: +90 212 386 1100

Environmental and Social Enquiries
Alcazar Energy Partners
Suite 802-803, South tower
Emirates Financial towers, DIFC
P.O. Box 507122
Dubai, United Arab Emirates

ACCOUNTABILITY MECHANISM OF EBRD
The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.