Pestalozzi advises Calik Enerji on a PLN 1.17 billion SERV-backed guarantee facility

Pestalozzi has acted as Swiss legal counsel to Çalık Enerji San. ve Tic. A.Ş and its Swiss subsidiary, Calik Enerji Swiss AG in connection with a PLN 1.166 billion guarantee facility agreement with Commerzbank Aktiengesellschaft, Zurich Branch, covered by Swiss Export Risk Insurance for Calik Enerji Swiss.

The guaranteed facility agreement has been entered into in connection with Çalık Enerji and Calik Enerji Swiss' EPC contract relating to the turnkey construction of a 1,336 MW combined cycle power plant in Kozienice, Poland.

Calik Enerji Swiss AG executes energy and infrastructure projects worldwide using the Swiss supply chain. Çalık Enerji, based in Istanbul, Turkey, is a leading diversified energy company operating in the EPC, power distribution, and renewable energy sectors in Turkey, Central Asia, the Middle East, Africa, and Eastern Europe.

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