{"id":141158,"date":"2021-08-28T21:12:42","date_gmt":"2021-08-28T18:12:42","guid":{"rendered":"https:\/\/www.enerjigazetesi.ist\/?p=141158"},"modified":"2021-08-28T21:18:52","modified_gmt":"2021-08-28T18:18:52","slug":"gama-enerji-nin-ican-santraline-yonelik-finansal-yeniden-yapilandirma","status":"publish","type":"post","link":"https:\/\/www.enerjigazetesi.ist\/en\/gama-enerji-nin-ican-santraline-yonelik-finansal-yeniden-yapilandirma\/","title":{"rendered":"’Gama Enerji’ Has Successfully Completed Financial Restructuring of \u0130CAN"},"content":{"rendered":"

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The Financial Restructuring Agreement of 853 MW \u0130\u00e7 Anadolu Combined Cycle Gas Turbine Plant (\u0130\u00c7AN) which is the biggest investment of GAMA Enerji A.\u015e. with its total 1.100,4 MW installed power was signed on the 30th of June and closed upon completion of conditions set in the agreement on the 26th of August 2021. \u0130\u00c7AN makes a significant contribution to Turkey producing 5.100,00 GWh annually, supplying 1,5% of the electricity consumed in Turkey and more than 25% of the electricity consumed in Ankara.\u00a0 <\/strong><\/h2>\n

GAMA Enerji who\u2019s ownership structure is 50,5% GAMA Holding, 30%\u00a0 Malaysian energy company Tenaga Nasional Berhad\u2019s subsidiary Global Power Energy Trade Inc., 14,5% World Bank Establishments IFC and 5,0% GIF, has successfully refinanced USD 595M debt of it\u2019s 853MW ICAN \"\"plant which is it\u2019s biggest investment.<\/p>\n

In a statement made by GAMA Enerji General Manager Tamer \u00c7al\u0131\u015f\u0131r, it was clarified that due to fluctuations in both domestic and international energy and financial markets after 2015, combined cycle gas turbine plants were unable to generate sufficient cash, thus \u0130\u00c7AN needed to restructure its credit debt. Mr. \u00c7al\u0131\u015f\u0131r also stated that, in the restructuring process which started at the end of 2017, a total of 12 domestic and international financial institutions and multiple consultants were involved.\u00a0 Collectively, we came to a sustainable agreement by maintaining part of the aforementioned debt in Turkish Lira and agreeing tranches with 7 and 12 year term payment plans.<\/p>\n

Mr. \u00c7al\u0131\u015f\u0131r has noted that with this restructuring GAMA Enerji plans to solidify it\u2019s place in the energy industry by creating environmental and financial value for society while sharing common sustainability targets with it\u2019s employees and shareholders.<\/p>\n

Tamer \u00c7al\u0131\u015f\u0131r, has offered his heartfelt thanks to everyone who has put effort in to the successful conclusion of the agreement despite the difficult economic conditions that surround the energy industry, and exhibited a constructive and solution-oriented attitude led by\u00a0 \u0130\u015f Bankas\u0131 together with Garanti Bankas\u0131, Yapi ve Kredi Bankas\u0131, Denizbank and Industrial and Development Bank of Turkey, finance and restructuring consultant KPMG, company legal advisor GKC Partners, legal advisors of creditors Verdi Law Firm and Ciftci Attorney Partners and market advisor Aplus Energy.<\/p>","protected":false},"excerpt":{"rendered":"

The Financial Restructuring Agreement of 853 MW \u0130\u00e7 Anadolu Combined Cycle Gas Turbine Plant (\u0130\u00c7AN) which is the biggest investment of GAMA Enerji A.\u015e. with its total 1.100,4 MW installed power was signed on the 30th of June and closed upon completion of conditions set in the agreement on the 26th of August 2021. \u0130\u00c7AN […]<\/p>\n","protected":false},"author":1,"featured_media":141161,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[46,53],"tags":[1162,23311,95863,95862,26618],"views":508,"_links":{"self":[{"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/posts\/141158"}],"collection":[{"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/comments?post=141158"}],"version-history":[{"count":3,"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/posts\/141158\/revisions"}],"predecessor-version":[{"id":141164,"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/posts\/141158\/revisions\/141164"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/media\/141161"}],"wp:attachment":[{"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/media?parent=141158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/categories?post=141158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/tags?post=141158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}