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220 million dollars of environmental credit from TSKB

220 million dollars of environmental credit from TSKB
  • Turkey’s development Bank (TSKB), Japan International Business Association Bank (JBIC) signed a green-themed loan agreement with a total of 220 million US dollars. This loan is the continuation of the 150 million dollar credit provided by TSKB from JBIC in March 2015. TSKB will provide financing to advanced technology-supported projects in this field with renewable energy and energy efficiency investments aiming to reduce greenhouse gas emissions across Turkey.

    15.8 million tons additive to reduce annual carbon emissions [
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    The General Manager of the TSKB, which is in evaluations about the loan provided under the back payment guarantee of the Ministry of Treasury and Finance of the Republic of Turkey, said: “We contribute to our financing and consulting opportunities to the low-carbon economy since the beginning of 2000s in line with our sustainable development-oriented banking approach. 387 renewable energy projects that we support until 2021 year old come to 15 percent of the installed power in this area of our country. We contribute to the reduction of the annual carbon emissions of our country with an investment of 149 units of efficiency that we take part in the intensive sectors of energy and resources. As a bank consisting of about 90 percent of the loan portfolio, the UN Sustainable Development Goals (SKA) linked investments, we are delighted to create additional resources to our country investors with the second stage of the green theme credit agreement signed with JBIC. With JBIC, we believe that this important agreement under our business association continues for years is an indicator of trust in our bank and country. “

    ]’Supporting energy efficiency’
    JBIC Istanbul Representative Ryuta Suzuki said that energy efficiency investments in parallel with the ‘Global decarbonization trend have become more important than ever in Turkey. Suzuki; “We see the support of energy efficiency in Turkey, which is a production and export center for Europe, especially in Europe, as a priority issue to support energy efficiency in the industry sector. Within this collaboration with TSKB, working closely with the industry sector, we believe that we will contribute to sustainable growth of Turkey by increasing the competitiveness of companies in exports.