Enerjisa Enerji

pending

 The proposed investment is a senior unsecured, sustainability linked, IFC A loan of up to US$150 million with up to 6 years tenor for Enerjisa Enerji A.S. (“Enerjisa” or “Company”) in Türkiye. Enerjisa is the holding company of (i) three electricity distribution regions, namely Toroslar, Baskent, and Istanbul Anatolian Side; (ii) three electricity retail sales subsidiaries (“Enerjisa Retail Companies”); (iii) energy efficiency and renewable electricity generation solutions subsidiary (“Customer Solutions”); and (iv) electric vehicle charging infrastructure and charging operator subsidiary (“EV” or “Esarj”). The proceeds of the IFC Financing will be utilized for (i) reconstruction of the earthquake-damaged distribution infrastructure of Southeast Türkiye (Toroslar region); (ii) the expansion of the electric vehicle (“EV”) charging station network and (iii) distribution network modernization to three distribution companies (together, the “Project”). Hence, the Project is expected to contribute to both climate mitigation and climate adaptation efforts by respectively facilitating expansion of EVs in Türkiye; and strengthening and restoring infrastructure of three distribution regions, especially infrastructure impacted by the earthquakes. IFC financing will not be used for Enerjisa Enerji’s existing and planned/future electricity distribution infrastructure in areas of highest biodiversity value, namely World Heritage Sites (WHS) and Alliance for Zero Extinction (AZE) sites. The new footprint that will be associated with construction of future electricity distribution infrastructure will be located in modified rural habitat or in urban areas, avoiding high-risk areas for biodiversity.