According to the bank, the funds will be used to support GEK TERNA’s projects in renewable energy production, battery storage systems, social infrastructure, and water supply and wastewater management across Greece, Romania, Albania, and Kosovo.
The total proceeds from the bond issuance will finance the company’s business activities, including its infrastructure and energy sectors, as well as refinance the debt of the issuer and its subsidiaries and cover the financing costs associated with the bond issuance.
As part of this investment and the ongoing cooperation with the EBRD, GEK TERNA is expected to increase female participation in its workforce and internship programs, and to organize annual events at schools and universities aimed at attracting new talent—especially women—to the sector.
The bond also facilitates private sector participation in strategic public-private partnerships (PPPs) in Greece and other countries. These initiatives may include projects developed under the Greek PPP Preparation Facility (GPPF), supported by the EBRD, which is designed to promote the implementation of international best practices, alignment with the Paris Agreement, and adherence to environmental, social, and governance (ESG) standards.
