How to Apply
Basic Eligibility Criteria for Borrowing under TURSEFF
Eligible for TURSEFF lt are:
- All private households in Turkey, who wish to apply for a residential loan
- Private enterprises, firms, businesses, sole proprietors or other private legal entities formed under the laws of and operating in Turkey
- companies under private ownership and control or which are in the final stage of the process of an irrevocable privatisation
- companies should comply with the EUs SME criteria. I.e. they shall employ no more than 249 full-time equivalent staff, including full time management and have a maximum annual turnover of EUR 50 million or a maximum annual balance sheet total of EUR 43 million
- subsidiaries of large corporations, where the subsidiary, on a stand-alone basis, would comply with the size criteria for an SME
- Energy Service Companies (ESCOs)
- majority-owned or controlled by the state or by any other political, governmental or administrative body, agency or sub-division thereof
- companies engaged in the production, marketing, distribution (or similar activity) of tobacco products, hard liquor, alcohol (other than breweries, wineries and other companies manufacturing low/medium alcoholic beverages), gambling, arms and activities listed on the EBRD Environmental Exclusion and Referral List
- Financing of working capital , except to the extent that such working capital costs are an integral part of the investment implementation
- Purchase or leasing of passenger motor vehicles
- For energy efficiency projects, investments in start-up companies are not included in the scope of TURSEFF
- TURSEFF loans may not be used to refinance the existing debt of a borrower
- Operating costs
- In order to promote efficient, safe and reliable projects, second-hand equipment is not eligible for financing under TURSEFF
To be eligible for financing from TurSEFF, borrowers and projects must comply with the environmental and social policy requirements outlined below. Applicable environmental and social policy requirements include the following:
- borrower must be in compliance with the applicable national environmental, social and health and safety legislation in Turkey
- compliance of Sub-borrowers and/or Sub-projects with the requirements of the Environmental and Social Exclusion and Referral List of the EBRD
- All projects shall be carried out in accordance with applicable relevant EC environmental legislation. Where a project falls within the scope of annex 1 and/or annex 2 of the Environmental Impact Assessment (“EIA”) Directive on the assessment of the effects of certain public and private projects on the environment, an environmental impact assessment will be made, equivalent to that provided for by the EIA Directive
- If a project is likely to affect sites of nature conservation importance, as defined in the Habitats Directive, an appropriate assessment according to Art. 6 of the Habitats Directive must be documented
- Where applicable, projects shall comply or shall promote a degree of alignment with the acquis communautaire, and in particular with the following texts:
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- Directive on Energy Performance of Buildings of 16 December 2002
- Directive on end-use efficiency and energy services of 5 April 2006
- Directive on Integrated Pollution Prevention and Control of 15 January 2008
- Proposal for a Directive on the promotion of the use of energy from renewable sources and the Directive itself upon adoption