Skip navigation links
Press Releases
News from Turkey
Publications
Upcoming Tenders
Links
Videos
Newsletter Subscription
This page is print preview page.
Click here to return to the page.
Print page
News
 
IFC to invest in Akfen Energy  
30.06.2016

Dunya - International Finance Corporation (IFC), a member of the World Bank Group, announced on June 24, 2016, that the corporation is investing USD 100 million in Akfen Energy to acquire a 16.67 percent stake in the company. Akfen Energy has total capacity of 211 MW and plans to build new renewable plants through this equity investment. Chairman of Akfen Holding Hamdi Akın stated that IFC’s contribution will provide strong support to Akfen Energy’s aim to become a leading player in the renewable sector.

 

IFC’s investment will support Turkey’s efforts to increase the share of renewables in the energy sector to 30 percent by 2023 and will reduce Turkey’s reliance on fossil fuels. The corporation so far made three equity investments in Turkey, reaching a total investment size of USD 695 million.

 

IFC has invested in several projects of Akfen Group, including the Mersin International Port Eurobond issue and the construction of TAV Tbilisi Airport. When the procedures are finished, IFC is expected to assign a board member to Akfen Energy as well.

24.05.2019 Rebalancing and Rebounding Process Continue in The Turkish Economy
10.05.2019 Reform Action Group Meets First Time Under Chairmanship of President Erdoğan
01.05.2019 YOIKK Holds its First Meeting with New Structure
18.04.2019 ATC Annual Conference Convenes in Washington D.C.
12.04.2019 Turkey Inaugurates New Structural Reforms
02.04.2019 Investment Office Holds Roadshows in Austria and Italy
15.03.2019 AmCham Turkey / ABFT Holds 15th General Assembly Meeting
14.03.2019 Real Estate Giants Gather at MIPIM 2019 in Nice
14.02.2019 FDI Inflows to Turkey Surged in 2018
12.02.2019 Japanese Secom Enters into Turkish Market
<<
1 2 3 4 5 6 7 8 9 10
>>