Actis, a leading growth market investor in sustainable infrastructure, today announced it was welcoming the International Finance Corporation (IFC) and Société De Promotion et de Participation Pour la Coopération Economique (Proparco) as minority investors in Uluğ Enerji, a leading private electricity distribution and retail group in Türkiye backed by the firm’s first Long Life Infrastructure Fund.

IFC, a member of the World Bank Group, is the world’s largest global development institution focused on the private sector in emerging markets, while Proparco is a subsidiary of the Agence Française de Développement, specialised in private sector growth market investments. Both institutions are entering the business as minority equity investors to support the next phase of Uluğ Enerji’s growth, with Actis retaining a majority stake in the business.

The transaction marks the first equity investment by a development finance institution in a Turkish electricity distribution company, helping mobilise long-term capital to support the company’s continued network expansion, grid modernisation, digitalisation and climate resilience efforts as part of its 2026-2030 regulated capital expenditure programme.

Under Actis ownership, Uluğ’s regulated asset base has more than doubled, following meaningful deleveraging on entry and a disciplined approach to expanding the company’s annual capital investment capacity. Uluğ serves more than three million customers across the provinces of Bursa, Balıkesir, Çanakkale and Yalova, where it holds the exclusive electricity distribution concession until 2036.

You can now read the full press release at the link below