Turkey: Efeler 97.6 MW Geothermal Power Plant Expansion Project (AIIB-000260)

Countries
  • Turkey
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
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 11, 2019
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
Republic of Turkey
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 100.00 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)
$ 300.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ AIIB website

Updated in EWS Mar 8, 2020

Disclosed by Bank Jul 17, 2019


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Project Description

According to bank documents, the Project consists of the construction of three additional geothermal power plant (GPP) units, including their associated production and reinjection wells, pipelines, electricity switchyards and transmission lines. The Efeler GPP units currently in operation are Gürmat-1 (Germencik, also known as Galip Hoca) and Gürmat-2 (Efe-1, Efe-2, Efe-3 and Efe-4), which jointly amount to 162.3 MW of combined installed capacity.

Investment Description
  • Asian Infrastructure Investment Bank (AIIB)
Contact Information

Ms. Yesim Erdemir

Project Manager

yerdemir@Guris.com.tr

AIIB ACCOUNTABILITY MECHANISM


The Project-affected People’s Mechanism (PPM) has been established by the AIIB to provide an opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIB’s failure to implement its ESP in situations when their concerns cannot be addressed satisfactorily through Project-level GRM or AIIB Management’s processes. For information on how to make submissions to the PPM, please visit https://www.aiib.org/en/policiesstrategies/operational-policies/policy-on-the-project-affected-mechanism.html