Enerjisa Enerji has secured a long-term loan of $150 million, equivalent in Turkish lira, from the European Bank for Reconstruction and Development (EBRD), the company announced on Monday.
Financing will be used to allow modernization and reconstruction investments in the electricity distribution infrastructure of Toroslar EDAS, which serves provinces affected by the 2023 earthquakes and solar power plant projects.
Under the agreement with EBRD, the company has arranged a new five‑year loan worth $150 million equivalent in Turkish lira.
Financing will be allocated in improving the quality of electricity distribution services provided by Enerjisa Enerji and expanding customer‑oriented renewable energy solutions.
This includes the reinforcement and modernization of the electricity distribution infrastructure in the provinces of Adana, Gaziantep, Hatay, Kilis, Osmaniye, and Mersin served by Toroslar EDAS—all affected by the 2023 earthquakes.
Through solar power plant projects, the company aims to provide renewable energy solutions to customers and contribute to carbon emission reductions and environmental sustainability.
The agreement was formally signed in a ceremony held at Enerjisa Enerji's headquarters in Istanbul. Signing on behalf of Enerjisa were CFO Philipp Ulbrich, Treasury, Risk, Investor Relations and Tax Director Cem Gokmen Gokkaya, and senior finance executives, while representatives from EBRD included Matteo Patrone, Elisabetta Falcetti, Sule Kilic, and other managers from various EBRD departments.
"Transformation in the global energy ecosystem is not only a technological concept but also an economic and social restructuring. It is no longer enough to look at how much energy you produce; it is crucial how intelligently, efficiently, and sustainably you manage it," said Murat Pinar, CEO of Enerjisa Enerji.
"This loan agreement with EBRD demonstrates how ready Enerjisa Enerji is to take responsibility in this new energy era and to lead the course of transformation. Our infrastructure investments in Toroslar and our solar power projects will meet not only today's demands but also tomorrow’s expectations. We believe our collaboration with EBRD—a trusted partner on the international stage—will accelerate our country's energy transition," Pinar added.
"This long-term financing worth $150 million equivalent in Turkish lira is showing that Enerjisa Enerji is able to finance its profitable growth also within a challenging environment. Based on our strong balance sheet, our robust cash flow-generating businesses, and our disciplined cost and interest management, Enerjisa Enerji continues to secure the long-term confidence of international financial institutions. Support from a globally respected institution like EBRD is not only a testament to our credibility but also reflects investor interest in the energy transition. The well-established partnership with EBRD is strengthening our strategic steps toward sustainable growth," said Philipp Ulbrich, CFO of Enerjisa Enerji.
"I have seen firsthand that reconstruction in the Toroslar region is not a short-term task. It requires long-term commitment, clear strategic direction, and the kind of trusted partnership that we have with Enerjisa Enerji," said Matteo Patrone, EBRD's vice president for Banking.
By Humeyra Ayaz
Anadolu Agency
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