Kadıncık 1 and Kadıncık 2 hydroelectric power plants privatisation

Overview:

• Ic İçtaş Hidroelektrik ve Termik Enerji Üretim ve Ticaret and Trabzon Enerji Üretim ve Ticaret completed the acquisition of the Kadıncık 1 and Kadıncık 2 hydroelectric power plants from the Turkish government as part of its ongoing privatisation programme.
• The lenders for the deal were: Türkiye Garanti Bankası, Akbank, Türkiye Vakıflar Bankası, Yapı ve Kredi Bankası, Yapı Kredi Bank Moscow, Türkiye İş Bankası  and TC Ziraat Bankası.
• The plants are located on the southern slopes of the Toros Mountains on the Kadıncık River in the Mersin province of southern Turkey.

Jon Moore - Journalist