PROJECT

Projects

Summary of Investment Information

Project Number

52171

Company Name

ULUG ENERJI DAGITIM VE PERAKENDE SATIS HIZMETLERI ANONIM SIRKETI

Date SPI Disclosed

Jul 29, 2026

Country

Turkiye

Region

Central Asia and Turkiye

Projected Board Date

Jun 10, 2026

Environmental Category

B - Limited

Status

Active

Last Updated Date

Jul 29, 2026

Department

CN5CT - Regional Industry INF MCT/INFRA Central Asia & Turkey

Industry

Infrastructure

Sector

Distribution Business

Project Description

The proposed transaction involves IFC acquiring a minority equity stake in Ulug Enerji Dagitim Ve Perakende Satis Hizmetleri Anonim Sirketi (Ulug or the Company), a leading private electricity distribution and retail group in Turkiye. In addition to the proposed equity investment, IFC also intends to provide an A-Loan and mobilize long-term debt to support the Company's network expansion, grid modernization, and digitalization program, as well as climate resilience initiatives. The investment will further support the Company's regulated capital expenditure program for the 2026 - 2030 period.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation