11/10/2010

Turkish Enerjisa launches EUR 700 million financing

Reuters - Turkish energy company Enerjisa has launched syndication of a EUR 700 million (USD 973 million) debt package via coordinating mandated lead arrangers IFC, UniCredit Bank and WestLB, the lenders announced.

The syndication is part of a EUR 1 billion financing package for Enerjisa -- jointly owned by Sabanci Holding and Verbund -- to fund the second phase of the company's investment program, the banks said in a statement on Tuesday.

The financing will be used to develop a 1,045 MW power generation portfolio comprising the Bandirma II Combined Cycle Gas Turbine plant, the Dogancay Hydroelectric Power Plant, the Yamanli II Hydroelectric Power Plant and the Dagpazari wind farm.
turkey; energy industry; energy investment; enerjisa; syndication; unicredit; westlb; dogancay; yamanli