Turkey's Enerjisa Lands $921M Loan For Thermal Plant

Law360, New York (July 26, 2012, 5:19 PM EDT) -- Turkish electricity provider Enerjisa Enerji Uretim AS nailed down €750 million ($921 million) in financing for a 450-megawatt power plant, set to be the country's biggest lignite-fired thermal power plant owned by a private company, Enerjisa said Thursday.

The loan, backed by a consortium of international lenders including HSBC Bank PLC, BNP Paribas SA and Deutsche Bank AG, will cover the development of the Tufanbeyli plant in southern Turkey's Adana region. Enerjisa also plans to operate a nearby mine that produces lignite, or brown coal, to...
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