Biotrend Cevre ve Enerji Yatirimlari A.S. (EBRD-53000)

Countries
  • Turkey
Where the impacts of the investment may be experienced.
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
Active
Bank Risk Rating
B
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
Jul 21, 2021
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
BIOTREND CEVRE VE ENERJI YATIRIMLARI AS
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
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)
$ 20.00 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 Sep 2, 2021

Disclosed by Bank Aug 27, 2021


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Project Description

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%.

Investment Description
Private Actors Description

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

Contact Information

PROJECT CONTACT INFORMATION

yatirimci.iliskileri@biotrendenerji.com.tr
+90 216 680 00 00
https://biotrendenerji.com.tr
Ekinciler Caddesi Erturk Sokak 3 Kavacik Beykoz 34810 Istanbul

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.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: pcm@ebrd.com 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