Original disclosure @ EBRD website
Updated in EWS May 9, 2022
Disclosed by Bank Aug 27, 2021
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According to the Bank's website, the project finances the purchase of an equity stake in Biotrend Cevre ve Enerji Yatirimlari A.S. Biotrend is engaged in integrated waste management and waste to energy production. The Company has been listed on Borsa Istanbul since April 2021. As a result of the transaction, EBRD will be a minority shareholder with a stake less than 10%.
Founded in 2017, Biotrend's main activities are solid-waste management and renewable energy generation under municipal concessions. The company operates 18 waste-to-energy plants in the Turkish cities of Izmir, Bursa, Balikesir, Hatay, Usak, Sivas, Aydin, Canakkale and Malatya, with a current total installed capacity of 72.6MW.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Biotrend Cevre ve Enerji Yatirimlari A.S. (Biotrend)||Client||Energy|
PROJECT CONTACT INFORMATION
+90 216 680 00 00
Ekinciler Caddesi Erturk Sokak 3 Kavacik Beykoz 34810 Istanbul
ACCESS TO INFORMATION
You can request information by emailing: email@example.com or by using this electronic form: https://www.ebrd.com/eform/information-request
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: firstname.lastname@example.org or you can submit a complaint online using an online form at: 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