BNP Paribas is joint arranger of a USD 1,641 million project finance deal in Turkey

  • 26.01.2001
19 to 26 january 2001

BNP Paribas acted as joint-arranger, alongside ABN Amro, Société Générale, and WestLB, for a USD 1,641 million financing for three gas-fired combined-cycle power stations. The financing was arranged and syndicated to 18 banks.

The three power stations have a total generating capacity of 3,854MW, or roughly 16% of Turkey's current installed capacity. They will be 60% owned by Intergen and 40% by Enka. Intergen, a subsidiary of Bechtel and Shell, is one of the leading independent power producers. Enka is Turkey's largest civil engineering group. The Project Finance, Export Coordination, and Syndications teams cooperated closely on this transaction.

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