This project provides financing to Osmangazi Elektrik Dagitim A.S (OEDAS), the electricity distribution company of the Osmangazi region (inner western Anatolia, Turkey), for the upgrade, moderniztaion, and expansion of the distribution network in the region.
This project is part of a larger program providing equity financing to Zorlu Enerji Elektrik Uretimi A.S. for the acquisition of OEDAS and Osmangazi Elektrik Perakende Satis A.S., the electricity retail firm.
USD 360 million for the acquisition of OEDAS and OEPSAS was fully funded by Zorlu in 2017 and USD 350 million capex investments to be provided by a group of international financial institutions, including the EBRD, and commercial banks.
OEDAS is owned since 2017 by Zorlu Osmangazi, a company founded in 2016 by Zorlu Holding A.S. as a 100 per cent subsidiary of Zorlu Enerji.
OEDAS is the incumbent for the distribution of electricity in the Osmangazi region which includes five provinces covering a c. 50,000 km2 area, Afyonkarahisar, Bilecik, Eskiiehir, Kutahya and Uiak, with a total population of around 2.6-2.7 million people.
The company has circa 42,000 km of distribution lines and c. 5,000MVA of transformer installed capacity.
+90 212 456 23 00
Levent 199, Büyükdere Cad. No:199, Postcode 34394, Istanbul
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