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Osmangazi electricity distribution network upgrade

Sector: Power Generation (CCGT) • Location: Turkey

Source: World Bank Group

Project
Active

This project entails the upgrade, modernisation and expansion of the distribution network, located in Osmangazi region, western part of Turkey, which serves around 1.9 million end-users in 125 towns and 1,455 villages. The project company is Osmangazi Elektrik Dagitim A.S. (OEDAS), wholly-owned by the sponsor, Zorlu Enerji. Total investment stands at $400 million, of which the Dutch development b

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The project “Osmangazi electricity distribution network upgrade” is an infrastructure initiative in the Power Generation (CCGT) sector, located in Turkey. Taiyo aggregates data on it from World Bank Group.

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Description

Description

This project entails the upgrade, modernisation and expansion of the distribution network, located in Osmangazi region, western part of Turkey, which serves around 1.9 million end-users in 125 towns and 1,455 villages. The project company is Osmangazi Elektrik Dagitim A.S. (OEDAS), wholly-owned by the sponsor, Zorlu Enerji. Total investment stands at $400 million, of which the Dutch development bank FMO provided $100 million loan, IFC, AIIB and Denizbank each contributed $75 million and EBRD provided $50 million. The revenue sources are user fees, as the company is responsible for electricity distribution in the provinces of Afyonkarahisar, Bilecik, Eskisehir, Kütahya, and Usak. Financial close of the project took place on 7 March, 2022. https://www.aiib.org/en/news-events/news/2022/AIIB-Signs-USD75-M-Loan-in-Turkish-Lira-for-Electricity-Distribution-Network-Upgrade.html https://pressroom.ifc.org/all/pages/PressDetail.aspx?ID=26857 https://www.fmo.nl/news-detail/e44e04bc-0ad1-479c-8b34-dee5cb4c791a/fmo-supports-the-upgrade-and-expansion-of-oedas-electricity-grid-in-turkey

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