Invest News DetailTurkish Daily News - Enerjisa, a joint subsidiary of Turkey's Sabanci Holding and Austrian Elektrizitätswirtschafts-Aktiengesellschaft, or Verbund in short, signed a 1 billion Euro financing package for the first phase of the company's investment program. “This is a rare and compelling international emerging market growth play,” Matthew McEachran, an analyst at Kaupthing in London said in a research note. He advises buying the stock, saying its valuation ‘ignores the true value of the international’. The transaction, the biggest international financing package for a private Turkish company to date, secures the generation of 12,000 gigawatt-hours of electricity per year, potentially supplying 3.6 million consumers. The project will construct a portfolio of 10 hydroelectric power plants in Seyhan, Ceyhan and Cambasi basins and one natural gas-fired thermal plant in Bandırma with a total capacity of 1,920 megawatts. The financing package was completed by the International Finance Corporation (IFC), Akbank, and WestLB, together with the Global Coordinators and European Investment Bank (EIB).