DBT, KfW sign Euro 48 million RE and EE loan facility

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The Development Bank of Turkey (DBT) and German KfW Development Bank signed Renewable Energy and Energy Efficiency Loan Agreement recently for financial support of renewable energy and energy efficiency investments in Turkey. The loan amount of approximately 48 million Euros provided under the guarantee of the Turkish Treasury will be used for the renewable energy and energy efficiency investments providing environmental benefits, preventing climate change and reducing greenhouse gas emissions.  Acting General Manager Metin Pehlivan expressed that the DBT has maintained successful cooperation with international financial institutions and has reached USD 2.2 billion of financial sources including USD 619 million provided solely in 2013. Today, the Bank is receiving diversified fund sources to finance the manufacturing industry as well as energy, energy efficiency, tourism and health services sectors.

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