EBRD Invests in Turkish Waste-to-Energy Firm
The European Bank for Reconstruction and Development (EBRD) is investing in a minority stake in the Turkish waste-to-energy business Biotrend Çevre ve Enerji Yatırımları AS.
As reported, Biotrend’s main activities are integrated solid-waste management and renewable energy generation under municipal concessions of up to 20 years. The company operates 18 waste-to-energy plants in the following Turkish cities: Izmir, Bursa, Balikesir, Hatay, Usak, Sivas, Aydın, Canakkale and Malatya, with a total installed capacity of 72.6 megawatt (MW). Since April this year, the company is listed on Borsa Istanbul.
As a shareholder in one of Turkey’s leading private waste management companies, EBRD intends to promote private-sector participation in municipal waste management. It was working with the Ministry of Environment and Urbanisation and Turkish municipalities to upgrade the legal framework for public-private partnerships focused on municipal services.
(Published in GLOBAL RECYCLING Magazine 3/2021, Page 11)
