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Instalment Sale Financing Agreement by Development Bank of Turkey
 
Home Page \ Kalkınma News \ Instalment Sale Financing Agreement by Development Bank of Turkey


Instalment Sale Financing Agreement by Development Bank of Turkey for Clean Energy and Energy Infrastructure Projects signed on 22nd November 2017

Development Bank of Turkey and Islamic Development Bank (IDB) signed an instalment sale financing agreement under the guarantee of the Undersecretariat of Treasury, with and amount of USD 200 million, regarding the financing for clean energy and energy infrastructure projects on November 22, 2017.

In the scope of the financing agreement, it is aimed to facilitate the development of energy infrastructure and clean energy and energy efficiency Projects, and to support the Government of Turkey’s overall objective to achieve energy supply security by increasing the share of renewable energy, to reduce industrial energy intensity towards a more energy efficient economy, and to minimize electricity network losses to save energy;