Haberler

Zorlu Energy Group signs syndicated loan to develop Kizildere III

Alasehir geothermal plant, Turkey by Zorlu Enerji (source: alternatifenerji)
Alexander Richter 28 Eki 2015

The company will use the US$815 mn for the refinancing of the company’s existing debt and financing of the K?z?ldere III geothermal power plant project

In a recent press release, the Turkish company Zorlu Energy Group has made the following statement:

“Our 100% owned subsidiary, Zorlu Do?al Elektrik Üretimi A? signed a 14-year syndicated loan agreement totalling US$815 mn (of which US$785 mn will be granted in cash and US$30 mn in the form of a non-cash loan) with the consortium of Akbank T.A.?, Türkiye Garanti Bankas? A?, Türkiye ?? Bankas? A? and Türkiye S?nai Kalk?nma Bankas? A? on October 27, 2015. The loan will be used for the refinancing of the company’s existing debt and financing of the K?z?ldere III geothermal power plant project planned to be built in Denizli.”

Source: Press Release by ZEG