• Turkiye
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
  • International Finance Corporation (IFC)
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Osmangazi Elektrik Dagitim A.S.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Construction
  • Energy
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 57.97 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported TRY 225.00 MLN
Converted using 2018-03-14 exchange rate.
Primary Source

Original disclosure @ FMO website

Updated in EWS Apr 9, 2018

Disclosed by Bank Mar 14, 2018

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

This project provides financing to Osmangazi Elektrik Dagitim A.S. for the construction and modernization of existing network and distribution lines, the expansion of the automated electricity metering system, expansion of the network, and the installation of a new automatic control system and related investments.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Osmangazi Elektrik Dagitim A.S. (OEDAS) is the exclusive electricity distributor of a region covering five provinces in central Turkey, namely Eskisehir, Afyon, Usak, Kutahya and Bilecik. OEDAS provides power distribution services to 1.6 million customers in the OEDAS Region, which has a population of 2.7 million in 194 towns and 1,596 villages, within 59 districts. OEDAS distributed a total net energy of 6.1 TWh in 2016.

OEDAS is wholly owned by Zorlu Osmangazi Enerji Sanayi ve Ticaret A.S., a joint stock company incorporated in Turkey. Zorlu Osmangazi also wholly owns Osmangazi Elektrik Perakende Satis A.S. (“OEPSAS"), the incumbent electricity supply company serving the OEDAS Region as well as other parts of Turkey. The Company and OEPSAS were acquired in February 2017 by Zorlu Osmangazi, which is wholly owned by Zorlu Enerji Elektrik Uretimi A.S. Zorlu Enerji is a Turkish power company with approximately 1,100MW of operational assets and active in wholesale electricity trading. Zorlu Enerji is a subsidiary of Zorlu Holding, one of the largest conglomerates in Turkey, which also owns two gas distribution companies and a retail sales company in addition to OEPSAS. 

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
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contact information provided at time of writing.



Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism.

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