EBRD to provide US$100 million for privatisation of Turkish hydropower plants
The European Bank for Reconstruction and Development (EBRD) has announced that it is providing a senior loan of up to US$100 million to a special purpose vehicle, fully owned by Entek Elektrik Uretimi A.S., for the acquisition of the operating rights for two hydropower plants: Menzelet (124 MW capacity) and Kılavuzlu (54 MW). The rights will be acquired from the Privatization Administration of Turkey.
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