MWH consortium wins €5.8m energy finance project in Turkey

A consortium led by MWH has been awarded a major contract by the European Bank for Reconstruction and Development to launch and operate a $200 million credit line for energy efficient investments in Turkey entitled TurSEFF (Turkey Sustainable Energy Financing Facility).

The Turkish economy is considered energy intensive, says MWH, and its government wants to promote sustainable energy investments, in particular the development of renewables. The emphasis is on tackling three key challenges – cutting CO₂ emissions, achieving security of energy supply and reducing the cost of importing energy, which accounts for 75% of domestic consumption.

The consortium will help prospective borrowers identify the best solution for their investment needs and prepare loan applications. The TurSEFF team is grant-funded by the Clean Technology Fund and the European Commission in collaboration with the Turkish Treasury.

• MWH news release