Financed ProjectsKoprubasi Hydropower Plant

Identification Code:

OP/09/0748

Total Operation Cost:

50.673.610

Maturity:

71 months

Operation Status:

Description and Purpose of the Operation:

The operation involves the provision of a long-term debt facility to finance the construction and operation of the 74MW Koprubasi Hydroelectric Power Plant in the province of Bolu in Turkey. The water source is Devrek Creek, which is a major arm of Filyos Creek. The project will serve the purposes of power generation and flood protection.

Countries of Operation:

Türkiye (100,00 %)

Financial Product:

Loans

Sector:

Utilities

Domain:

Private

Borrower/Client:

Yuksel Enerji Elektrik Uretim ve Ticaret A.S. The Borrower was incorporated in 2006 as a special purpose vehicle for the construction and operation of the Koprubasi HEPP. The Borrower belongs to the Yuksel Group of companies.

Co-Financiers/Participants:

DEG Deutsche Investitions und Entwicklungsgesellschaft mbH

Guarantors/Sponsors:

Yuksel Insaat A.S. (Yuksel). The Sponsor was incorporated in Ankara in 1963. Yuksel has played an active role in the development of the Turkey's infrastructure through numerous contracts covering transportation, energy, environmental and industrial projects.

Developmental and Regional Cooperation Impact:

The operation has high developmental impact as it is not only expected to facilitate renewable energy development in Turkey, but also to create new employment opportunities in the region. It further facilitates the mobilization of funding outside the Black Sea region and exploits co- financing opportunities between BSTDB and DEG.

Environmental Classification and Impact (summary):

Screened as A category. Assessment reports of A category operations are available in Project Center - Environment - Environmental Assessment

Operation Leader:

Energy & Infrastructure

E-mail:

ei@bstdb.org