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Our subsidiary POMEGA ENERGY STORAGE TECHNOLOGIES INC. ("POMEGA") plans to utilize external project financing amounting to approximately USD 300 Million within the scope of our investment for a 3GWh/year capacity lithium-ion cell, battery and energy storage products factory to be established in South Carolina, USA.
Some of this financing is planned to be in the form of foreign capital partnership and some of it is planned to be in the form of syndicated loans.
One of the three largest banks in the world has been authorized to provide the external financing planned to be used in this direction. The Bank will work to evaluate long-term project loans, partnerships with potential investors, leasing and all other financing options. In this context, it will provide intermediation services between financial institutions, funds, banks and potential investors.
As it is known, the incentive package submitted to us for the establishment of a lithium-ion cell, battery and energy storage products factory in Colleton County within the state borders of South Carolina was discussed and approved by the state assembly and governing elements following our approval. Thanks to this approved incentive, it is aimed to accelerate the process towards the completion of this investment, for which we have met the prerequisite to benefit from the Inflation Reduction Act (IRA) federal supports approved by the US Congress on 8/16/2022.
Developments regarding the process will be shared with the public.
This Material Event Disclosure is prepared in Turkish and in English. In case of any discrepancy between the two versions, Turrkish disclosure will prevail.
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