Home Tag "EBRD"

AIIB, EBRD and BSTDB co-finance expansion of Turkey’s largest geothermal plant

Three major development banks are helping Turkey diversify its energy mix with an investment adding close to 100 MW in capacity to EFELER, the country’s largest geothermal power plant. The Asian Infrastructure Investment Bank (AIIB), the European Bank for Reconstruction and Development (EBRD) and the Black Sea Trade and Development Bank (BSTDB) are contributing to […]

EBRD looks to boost equity investments in Egypt

CAIRO : The European Bank for Reconstruction and Development (EBRD) expects to keep investments in Egypt at over 1 billion euros this year, boosting its equity portfolio through a delayed privatisation programme, its regional director said. The bank intends to participate in an expected share offering for state-run Alexandria Container and Cargo Handling Company, among […]

EBRD, IFC and FMO financing to help upgrade and expand electricity grid in Turkey’s western Anatolia

US$ 330 million financing package to benefit 2.7 million people in five Turkish provinces Improvements in electricity grid will enhance efficiency and reliability of supply Project expected to help prevent  40,000 tonnes of CO2 emissions per year The EBRD, IFC – a member of the World Bank Group – and the Dutch Development Bank FMO are […]