THE PROJECT FINANCE AGREEMENT OF A TOTAL AMOUNT OF 720 MILLION USD IS SIGNED BETWEEN GÜRMAT ELECTRIC GENERATION CO. INC., A COMPANY OF WHICH 100% SHARES ARE OWNED BY GÜRİŞ GROUP AND THE CONSORTIUM OF BANKS FORMED BY TURKIYE İŞ BANKASI A.Ş., EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT (EBRD), TURKIYE SINAI VE KALKINMA BANKASI (TSKB) AND BLACK SEA TRADE AND DEVELOPMENT BANK (BSTDB) FOR TURKEY’S LARGEST AND EUROPE’S SECOND LARGEST GEOTHERMAL POWER PLANT ON A TERM OF 15 YEARS.