Kategori : NATURAL GAS ENERGY NEWS, ENERGY AGENDA NEWS, ENERGY EFFICIENCY NEWS - Tarih : 15 November 2021
Bringing together green instruments with sustainability and UN Sustainable Development Goals-oriented lease certificates and capital markets, TSKB continues its journey in this field without slowing down, following the issuance of the first Sukuk in the natural gas distribution, food, transportation and health sectors in Turkey. Within the framework of the bond issue with the theme of “Transition to Low Carbon Economy”, a resource of 250 million TL was provided to the company.
Providing information about the issuance, Onur Aksoy, TSKB Capital Markets Manager, said, “As TSKB Investment Banking, Turkey’s first sustainability and SDG-focused lease certificate issuances have been made.
Then, we are happy to successfully realize the bond issuance themed “Transition to a Low Carbon Economy”. With this issuance, we have created a significant resource of 250 million TL with a 2-year maturity for our client Palen Enerji, as well as a value-added transaction in terms of sustainability and green finance. In this period when the steps towards a zero-carbon future are gaining momentum all over the world, we find it very important that our customer’s target of 65% reduction in carbon gas emissions in projects within the scope of the resources provided. We will continue our business partners’ climate-friendly investments and our pioneering role in creating resources through green and sustainable issuances in capital markets with innovative transactions.
Palen Energy was established in 2003 to establish natural gas distribution networks in Erzurum province and to distribute natural gas by taking over existing facilities. It carries out its activities with a 30-year natural gas distribution license obtained from EMRA. The amount of gas distributed by Palen increased by 3.9% in 2020 to 249.8 million cubic meters. The number of subscribers of the company has been increasing over the years and it is expected to have 150,000 subscribers by the end of 2021.
