According to the Bank's website, this project finances: (i) the development, operation and financing of a wind power plant extension which will increase the total capacity of the existing plant; and (ii) refinancing of an outstanding leasing facility provided for the original wind farm.
The project has been assigned an environmental and social risk rating of A because it is located within the Via Pontica bird migration flyway, a major bird migratory flyway in Turkey. The wind farm lies within the boundaries of the Istranca Mountains Key Biodiversity Area.
The Borrower is a special purpose vehicle established to develop, construct and operate the Kiyikoy Windfarm.
Borusan EnBW Enerji, the 100 percent owner of the Borrower, was founded in 2007 by the family-owned Turkish conglomerate Borusan Holding to invest in the energy sector. In 2009, a partnership agreement was signed between Borusan Holding and the publicly owned German utility EnBW AG. Currently, the operational portfolio of the Sponsor consists of 8 WPPs (446 MW), 1 HPP (50 MW) and 2 SPPs (9 MW) which in total corresponds to 505MW installed capacity.
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 email@example.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.