Aksa Enerji secures 300 million loan

Aksa Enerji is continuing to expand its African business - and is stepping up its financing. The energy company, which is listed on the Istanbul stock exchange, has received a loan of 300 million US dollars with a term of six years from the Africa Finance Corporation. Aksa intends to use the fresh capital to drive forward its power plant investments on the African continent. This is already the second major financing from the AFC for the company. Aksa had already received a seven-year loan of 150 million US dollars in 2025, at that time to finance investments in African natural gas power plants. The new agreement brings the total outstanding loan volume to the institution to 450 million US dollars. Aksa has been pursuing a consistent course of expansion in Africa for years. The company currently operates three plants there: a power plant in Ghana with 370 megawatts based on gas and liquid fuels as well as two further plants in Mali and Madagascar with 60 and 66 megawatts respectively, which operate with liquid fuels. Africa remains the focus of growth The next expansion phase is already planned. In 2026, Aksa plans to commission new natural gas power plants with a total capacity of 724 megawatts. Projects are planned in Ghana, Gabon, Senegal and Kazakhstan. A plant with 145 megawatts is to be built in Ghana alone. There are also further projects in Burkina Faso and Congo, where the company is developing power plant projects with a capacity of 119 and 50 megawatts respectively. This underlines the fact that Africa is not just a supplementary market for the Group, but a key growth area. The renewable energy business is growing in parallel While Aksa focuses primarily on conventional and gas-based power generation in Africa, the company is also pushing ahead with the expansion of renewable energies in Turkey. Last year, Aksa received an eleven-year loan of 80 million US dollars from the Turkish industrial development bank TSKB. The money is earmarked for investments in two solar power plants in Kirsehir Alic and Gaziantep Pamuk, each supplemented by storage capacities of the same size. The loan includes a one-year grace period. Aksa now operates 13 solar and wind power projects with storage solutions in ten provinces in Turkey. Together they have a capacity of 891 megawatts. The company also has an independent storage project with 50 megawatts. Once the current projects have been completed, Aksa aims to reach the mark of one gigawatt of renewable generation capacity in Turkey. A broad-based energy group Aksa Enerji was founded in 1997 and is part of the Kazanci Holding owned by entrepreneur Ali Metin Kazanci. The group is not only active in electricity production, but also operates gas grids in Turkey via Aksa Dogalgaz and electricity grids via Aksa Elektrik. The company is also present abroad through its subsidiaries - for example with an electricity grid in the Uzbek region of Samarkand. At the end of 2025, Aksa had a total installed capacity of 3 gigawatts in seven countries. The Group has a particularly strong presence in Uzbekistan, where it operates three gas-fired power plants with a combined capacity of 1.2 gigawatts. There is also a 900-megawatt gas-fired power plant in Antalya, a 270-megawatt lignite-fired power plant in Bolu and a 188-megawatt heating oil power plant in Northern Cyprus. Aksa also exports electricity to Iraq and Georgia. The company is thus gradually building up a broadly diversified regional energy portfolio - with Africa as a growing focus and renewable energies as a second strategic pillar. The post Aksa Enerji secures 300 million loan appeared first on ostwirtschaft.de.