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EBRD awarded for its financing of Kizildere 3 geothermal plant in Turkey

As part of several awards as part of the recent EMEA Finance Awards, EBRD has been named “Best project finance adviser” for the European, Middle East and Africa region, and received an award for best renewable energy project for its financing of the Kizildere 3 geothermal plant in Turkey.

The EBRD’s expertise in project financing has been recognised at the EMEA Finance awards in London, with several awards including “Best Project Finance Adviser” across the region.

In addition to being named “Best project finance adviser” for the EMEA (Europe, Middle East and Africa) region as a whole, EBRD-financed projects won about 20 awards; in the energy and natural resources sector and in infrastructure in a vast region spanning three continents, stretching from Egypt to Kazakhstan.

The EMEA Project Finance Awards, organised by the EMEA Finance magazine, looked at the best project finance deals that were closed in 2017. The accolade, which is in its 10th year, is given for the overall EMEA region and also for separate regional categories.

Across all of its countries of operations, the EBRD has been a pioneer in the rollout of project finance, which helps to attract a wider spread of investors, including foreign investors, by offering them greater protection. The Bank has put a particular focus on project finance in the renewable energy sector. It is the largest renewable energy financier in its region and also engages in policy reform in its countries of operations.

Project finance is a type of long-term financing, mainly of infrastructure, where repayments of the original investment are made from cash flows generated by the project, as opposed to the balance sheet of the company doing the project. This means less risk for investors and allows countries and firms to build more infrastructure.

The winning projects, listed below, have been co-financed by the EBRD, mostly in cooperation with other multilateral and commercial banks.

EMEA-wide winners:

Central and eastern Europe


Middle East

Source: EBRD release

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