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Cengiz Enerji – ECA-backed financing
26 March 2010
Collaborating for greener power
This deal represents a world first in the combined cycle installation of GE LMS100 green gas turbine generators. Financed in Turkey by JP Morgan and US Ex-Im on a corporate finance basis with additional coverage from Denmark’s EKF, and the participation of GE Capital Markets Services, the deal highlights the need for the collaboration in today’s export finance market.The Cengiz Group, established in 1969 as a construction company, has since expanded into other operations that include tourism, mining, metallurgy, infrastructure, and energy. This year, Cengiz Enerji, a subsidiary,...
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