E.ON and Employees Fund Construction of School in Earthquake-Hit Turkish City

E.ON and Employees Fund Construction of School in Earthquake-Hit Turkish City

(IN BRIEF) E.ON, the energy company based in Essen, along with contributions from its employees, is financing the construction of a primary school in Hatay, Turkey, which was severely affected by earthquakes in February 2023. Following the earthquakes, E.ON initiated a company-wide fundraising campaign involving various E.ON units and employees. The new school building, expected to be completed by the end of 2023, will feature eight classrooms for approximately 240 primary school children, as well as facilities for sports activities and a school garden. The project is coordinated and supervised on-site by the Sabanci Foundation, a non-profit organization associated with the Turkish conglomerate Sabanci, in collaboration with E.ON and its Turkish subsidiary, EnerjiSA.

(PRESS RELEASE) ESSEN, 19-Sep-2023 — /EuropaWire/ — The Essen-based energy company E.ON and its employees are financing the construction of a primary school in the Turkish city of Hatay, which was completely destroyed by devastating earthquakes in February 2023. Immediately after the earthquakes, the company had launched a Group-wide fundraising campaign in which many E.ON units and numerous employees participated. The new building includes eight classrooms for a total of 240 children of primary school age and will be completed by the end of 2023. In addition, there will be facilities for sports activities and a school garden. The Turkish E.ON subsidiary EnerjiSA and its employees decided on the use of the donation sum of more than 1.1 million euros. The attractive market environment allowed E.ON to significantly prefund the financing needs for the upcoming fiscal year 2024, while 2023 funding needs were already covered successfully by a €1.8 billion bond issuance in January.

Victoria Ossadnik, Member of the Board of Management of E.ON SE, says: “The enormous scale of the disaster has massively affected many of our customers, colleagues and their families. We are all very touched by this. With the construction of the new school, we want to support the local families by making regular lessons possible for the children.”

Murat Pinar, CEO of EnerjiSA, adds: “We thank E.ON and its employees for their unbureaucratic help. It is enormously important for the families in Hatay and in the other destroyed places that their children can go back to school. This outstanding project is based on great mutual trust and deepens the bond between the companies.”

On the ground, the construction of the school is being coordinated and supervised by the Sabanci Foundation, the non-profit organisation of the Turkish industrial and financial conglomerate Sabanci. Together, Sabanci and E.ON are the majority shareholders of the joint venture EnerjiSA.

This press release may contain forward-looking statements based on current assumptions and forecasts made by E.ON Group Management and other information currently available to E.ON. Various known and unknown risks, uncertainties, and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. E.ON SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to align them to future events or developments.

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SOURCE: E.ON SE