The European Bank for Reconstruction and Development (EBRD) said that it will provide a 55 million dollars dual-currency loan to Entek Elektrik Uretimi AS, a subsidiary of Koc Holding, to support the company in the acquisition of two state-owned hydropower plants.
Entek Elektrik Uretimi AS has won a tender for the privatization of two HPPs: 125 MW HPP Menzelet and 54 MW HPP Kilavuzlu. EBRD Managing Director for Turkey Arvid Tuerkner said that privatization is a key part of the strategy of Turkish Government to liberalize the country’s energy sector and this investment supports the goal of increasing the participation of private suppliers in electricity generation as well as reinforces the role of renewable energy in the sector.
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