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AkCez II

Sector: Seaport • Location: Turkiye

Source: International Finance Corporation (IFC)

Project
Completed

The proposed investment is a senior loan to Akcez Enerji Yatirimlari Sanayi ve Ticaret A.S.(Akcez) in Turkey, which is a holding company of the electricity distribution, Sakarya Elektrik Dagatim A.S. (Sedas) and electricity supplier, Sakarya Elektrik Perakende Satıs A.S (Sepas). Sedas, which was acquired through privatization in February 2009, is the exclusive electricity distributor in its licens

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The project “AkCez II” is an infrastructure initiative in the Seaport sector, located in Turkiye. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

Original status

completed

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Description

Description

The proposed investment is a senior loan to Akcez Enerji Yatirimlari Sanayi ve Ticaret A.S.(Akcez) in Turkey, which is a holding company of the electricity distribution, Sakarya Elektrik Dagatim A.S. (Sedas) and electricity supplier, Sakarya Elektrik Perakende Satıs A.S (Sepas). Sedas, which was acquired through privatization in February 2009, is the exclusive electricity distributor in its license region covering provinces of Sakarya, Bolu, Duzce and Kocaeli. Electricity supplier, Sepas, was unbundled from Sedas in 2013. The scope of the proposed project is to: refinance the outstanding debt of USD 250mln raised in 2010 for the acquisition of Sedas, and to finance the Sedas’ capital expenditures in amount of approximately USD 150 mln in electricity distribution sector in the new regulatory period (2016-2020). Capital expenditures are aimed at providing continuous and high quality electricity distribution services through renewal of the distribution network and capacity increase in order to meet new customers and decrease of technical losses.

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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