Caspian Energy (CE): Mr. Delikanli, which big international projects are currently being implemented under the financial support of the Bank? Which sectors of economy are given preference?
Ihsan Ugur Delikanli, President of the Black Sea Trade and Development Bank (BSTDB): In line with BSTDB’s business strategy, we are getting increasingly involved in large scale regional projects in energy, infrastructure, transport, healthcare and other key areas. We are giving preference to projects generating the highest development impact for the economy of our member countries and also for regional cooperation. In order to increase the effectiveness of these operations, we are co-financing large projects with our partner international financial institutions and private investors. If we take only the energy sector to illustrate our operations for your readers, currently the Bank is engaged in the financing of the Shah Deniz II, full field development project, SOCAR Turkey Enerji A.S. to support its long- term strategy of becoming a fully-integrated downstream oil and gas company and the Gurmat operation to construct a geothermal power plant by a leading Turkish renewable energy company, the Hellenic Petroleum project supporting the modernization, environmental improvements and expansion of the distribution network of the Greek energy company, and the EnergoPro operation helping to improve the electricity grid and metering system in Bulgaria, to name just a few. We are considering participation in another big energy infrastructure project, the Southern Gas Corridor.
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