Security Packages In HEPPs

Ensuring the energy security is one of the most important challenges of our century. Increasing diversity of energy and use of local energy resources are considered as solutions for the energy security. Use of renewable energy resources is a rising policy in energy production. Nowadays among other renewable energy resources, hydro energy and hydroelectric power plants ("HEPP") are becoming more popular in Turkey, by help of large water resources of the country and its geographic availability.

HEPPs require high investments. The financial needs of HEPPs, in Turkey, are fulfilled by loans provided by bank consortiums, composed of Turkish and/or foreign investment banks. Such finance methods, recourse or non-recourse, contain in their security packages various types of registered and non-registered security interests. The security packages may vary, depending on the phases of the project and the scope of the assets owned and/or used by the project owner, and generally