IFC Supports Energy Resilience and Earthquake Reconstruction in Türkiye

• First sustainability-linked loan in the country's power distribution sector to Enerjisa to bolster critical infrastructure damaged by February 2023 earthquakes.
• IFC's financing will modernize electricity distribution grid built and operated by the company; and facilitate renewable integration.
• Investment will also enhance Enerjisa's electric vehicle charging infrastructure.

Istanbul, Türkiye, October 27, 2025-IFC announced a landmark sustainability-linked loan to Enerjisa Enerji A.Ṣ. (Enerjisa), a leading private utility company in Türkiye. The investment aims to refurbish the power distribution network in regions impacted by the February 2023 earthquakes and help modernize the grid in two other distribution regions operated by Enerjisa.

The funding is part of a $340 million debt financing package in Turkish lira equivalent provided by the Asian Infrastructure Investment Bank (AIIB), Dutch Entrepreneurial Development Bank (FMO), Green for Growth Fund (GGF), and IFC. IFC's financing is a six-year local currency loan of $150 million.

The funding will help Enerjisa repair critical infrastructure damaged by the February 2023 earthquakes, improving access to electricity for residents, and supporting economic recovery. It will also help the company modernize and strengthen its power network in its regions of operation, where more than 22 million people live. In addition, part of the investment will be used to enhance Enerjisa's electric vehicle (EV) charging infrastructure, supporting the transition to sustainable transportation in Türkiye.

"Resources we secure from international financial institutions represent far more than financing, they are strategic levers for sustainable growth and energy transition," said Philipp Ulbrich, CFO of Enerjisa Enerji A.Ş. "This agreement stands as a proof of Enerjisa Enerji's long-term investment vision, financial resilience, and transformation-oriented strategy. Through the modernization of Türkiye's energy infrastructure and the strengthening of the electric vehicle charging network, we lead Türkiye's energy transition with investments that are creating long-term value."

"Robust energy infrastructure plays a vital role in driving economic growth and creating jobs. It enables industries to function effectively and ensures access to reliable energy sources," said Laura Vecvagare, IFC Regional Head of Infrastructure and Natural Resources. "This financing plays a critical role of providing much-needed long-term funding to modernize and expand Enerjisa's power distribution network, bolster infrastructure damaged by the earthquakes, and support Türkiye's renewable energy ambitions."

As the sustainability coordinator for the financing package, IFC supported Enerjisa in finalizing its first ever sustainability financing framework and identifying the sustainability-related performance indicators to be followed throughout the loan tenor. These include Enerjisa increasing its energy efficiency by reducing losses in its distribution operations and committing to improve the representation of women in its senior management and leadership.

Electricity is a cornerstone of economic growth and job creation, enabling businesses to thrive and communities to prosper. The World Bank Group (WBG)'s strategy emphasizes the importance of reliable, sustainable energy infrastructure as a foundation for private sector development and resilient economies. This investment is also part of the WBG's coordinated efforts to support resilient reconstruction of regions in Türkiye affected by the 2023 earthquakes.

About Enerjisa Enerji A.Ş

Enerjisa Enerji A.Ş. is pioneering the energy transformation in Türkiye, using both sustainability and technology in line with its vision of 'a better future for all.' The company services 25 percent of Türkiye's population in electricity distribution and retail, its main fields of activity. It reaches 10.8 million customers in 14 provinces, provides electricity distribution services to more than 22 million users, and offers renewable energy and efficiency solutions via its Energy of My Business brand. Enerjisa Enerji A.Ş. also operates Türkiye's first charging station network with Eşarj. In 2018, 20 percent of the company, whose main shareholders are Sabancı Holding and E.ON, was publicly traded in Borsa Istanbul.