The Japan Bank for International Cooperation (JBIC) has signed an annex to its memorandum with Çalık Enerji Sanayi ve Ticaret A.Ş., a major subsidiary of the Turkish conglomerate Çalık Holding. JBIC said it signed on the 5th, on the occasion of the 29th Japan-Turkey Joint Economic Committee.
What the annex is for
The annex builds on a memorandum JBIC signed with Çalık Enerji in October 2024, at the 27th committee meeting, to strengthen their partnership. JBIC says discussions under that memorandum have progressed. The annex's stated purpose is for the two companies to study financing structures and other details that would make specific projects concrete, and to confirm their intent to deepen cooperation with Japanese companies.
JBIC describes Çalık Enerji as an international energy company. It builds high-efficiency power plants on an EPC (engineering, procurement and construction) basis and also runs renewable energy and power transmission projects. Its operations extend beyond Turkey to Europe, the Middle East, Central Asia, Africa and the Western Balkans.
The export-finance angle
JBIC expects the annex to promote exports by Japanese companies, and to contribute to energy infrastructure and lower greenhouse gas emissions in Turkey and third countries. The lender describes its role as a Japanese public financial institution that supports exports and business opportunities through closer ties with key partners.
The release names no project, financing amount or Japanese company.