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The International Finance Corporation (IFC), a member of the World Bank Group, has announced a six-year $150 million sustainability-linked loan to Türkiye’s private power distributor Enerjisa to help restore and modernize electricity networks damaged by the February 2023 earthquakes and strengthen grid operations in other regions of the country.
The investment represents the first sustainability-linked loan in Türkiye’s power distribution sector, according to the IFC, and is part of a broader $340 million financing package arranged with the Asian Infrastructure Investment Bank (AIIB), the Dutch Entrepreneurial Development Bank (FMO), and the Green for Growth Fund (GGF).
According to a statement from the IFC, the funding will enable Enerjisa to repair and reinforce critical electricity infrastructure in Türkiye’s southern regions affected by the 2023 earthquakes—the most severe disaster in the country’s history. It will also support the modernization of the company’s power network across its service areas, which collectively supply more than 22 million residents.
Additionally, a portion of the investment will expand Enerjisa’s electric vehicle (EV) charging infrastructure, contributing to the country’s transition toward cleaner transportation.
Enerjisa’s Chief Financial Officer Philipp Ulbrich said that partnerships with international institutions serve as "strategic levers for sustainable growth and energy transition." He emphasized that the new financing reflects the company’s long-term vision and resilience while enabling continued modernization of Türkiye’s energy infrastructure and EV charging network.
As the sustainability coordinator of the transaction, IFC assisted Enerjisa in developing its first sustainability financing framework and defining key performance indicators linked to the loan, the institution noted. These include commitments to improve energy efficiency by reducing distribution losses and increasing the representation of women in senior management and leadership roles.
Laura Vecvagare, IFC’s regional head of infrastructure and natural resources, said reliable energy systems are vital for economic growth and job creation, noting that the loan will help modernize and expand Enerjisa’s network while advancing Türkiye’s renewable energy goals.
Enerjisa is one of Türkiye’s largest private electricity distribution and retail companies, serving more than 22 million people across three regional networks. The company operates under a joint venture between Sabancı Holding, one of Türkiye’s leading industrial conglomerates, and Germany’s E.ON SE. Its activities include electricity distribution, retail sales, and growing investments in energy efficiency and electric vehicle charging infrastructure.
Over the past decade, IFC’s investments in Turkish private companies have exceeded $23.5 billion, according to a recent disclosure by the institution.
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