Sumeet Thakur, IFC’s Regional Industry Director for Infrastructure and Natural Resources in the Middle East and Central Asia, said: “Power distribution is the backbone of any electricity supply system. Through this transaction, IFC is mobilizing private capital, supporting more and better jobs and signaling to the market the importance of private sector-led delivery models in the power sector.”
Steven Gardon,regional Head for Proparco, said: “The transaction marks Proparco’s first equity investment in Türkiye’s electricity distribution sector and supports the long-term development of critical energy infrastructure.This investment reflects Proparco’s commitment to supporting resilient and sustainable infrastructure that underpins economic development and the energy transition. Together with Actis and IFC, we are supporting Uluğ Enerji’s investment programme to modernise the network, strengthen its resilience to climate risks and improve the quality of service for millions of customers.”
Actis’ long life infrastructure strategy invests in critical growth markets operating infrastructure, including in core sectors such as renewable energy, electricity transmission and distribution networks, district cooling, toll roads, digital infrastructure and environmental management. The strategy’s assets feature underlying long term contracted revenues, combined with downside protections such as inflation-indexed revenues, currency protections, interest rate protections, availability-based contracts, and other guarantees. In May 2025, Actis announced it had raised US$1.7 billion for its second long life infrastructure fund.
Completion of the transaction with IFC and Proparco remains subject to customary regulatory approvals, including clearance from Türkiye’s Energy Market Regulatory Authority (EMRA), and is expected in the coming months.