Paksoy Advises the EBRD on USD 110 Million Loan Agreement with Enerjisa

Paksoy Advises the EBRD on USD 110 Million Loan Agreement with Enerjisa

Turkey
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Paksoy has advised the EBRD on a USD 110 million loan agreement with Enerjisa.

According to the firm, the EBRD and Enerjisa signed a TRY loan agreement equivalent to USD 110 million in order to "finance the capital expenditure investments by Enerjisa and upgrade its distribution network to include smart grid, smart meters, and boost the use of renewables."

Founded in 1996, Enerjisa manages two business lines of electricity distribution and sales in Turkey. The company has over 9.2 million customers in 14 provinces and provides distribution services to more than 20 million users.

"I am very proud that together with the EBRD, we have written a new chapter in Enerjisa’s green financing history," Enerjisa CFO Michael Moser commented. "Our newly established green financing framework with the EBRD, with the volume of USD 110 million equivalent in Turkish lira for seven years, is another milestone for being able to further push for sustainable energy solutions and huge investments into the Turkish energy system."

The Paksoy team was led by Partner Sera Somay and included Senior Associates Zekican Samli and Soner Dagli.

Paksoy did not respond to our inquiry on the matter.