Istanbul, Turkey (PRWEB) March 27, 2013
After a competitive selection process, MWH Global, the wet infrastructure sector leader and provider of strategic consulting, environmental engineering and construction services, has been appointed by the European Bank for Reconstruction and Development (EBRD) to keep a key role in the Turkey Sustainable Energy Financing Facility Phase II (TurSEFF II).
MWH will continue to be in charge of managing the TurSEFF credit line, with Phase II available funds topping up to £125M/€153M. The TurSEFF programme supports industrial companies, commercial enterprises and private households that wish to invest in energy efficiency or renewable energy projects with specific emphasis on energy efficiency in the residential sector. MWH will assist sub-borrowers and local banks in the identification and evaluation of the most viable renewable energy and energy efficiency projects to be funded by EBRD. The company will also provide techno-economical evaluation of projects and assess their environmental impact against EBRD’s environmental and social performance requirements.
A Turkey-based MWH team has been managing the TurSEFF programme since 2010 and its successful implementation of the first phase was recognised when EBRD gave the team a Sustainable Energy Efficiency Award in October 2012. During the programme’s first phase, MWH prepared 138 technical assessments leading to a financing volume of £158M/€194M. As a result of the investments implemented, energy savings of 3,490 GWh primary equivalents per year and a reduction in carbon emissions of 845,462 tons per year have been achieved, which is the same as the electricity consumption of around one million Turkish households.
MWH Turkey Operations Director Dr. Murat Sarioglu said, “This is a very strategic win for us endorsing our capabilities and success in delivery, project and client service management in Turkey. I’m delighted that MWH is seen as a trusted advisor in the eyes of our Client (EBRD) and we aim to continue to strengthen our position for future opportunities. It is also very exciting to have won such a project that aligns with the MWH purpose of Building a Better World.”