Nurek Hydropower Rehabilitation Project, Phase I (AIIB-00018)

Countries
  • Tajikistan
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 15, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Sectors
  • Construction
  • Energy
  • Hydropower
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 60.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 350.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ AIIB website

Updated in EWS Mar 1, 2018

Disclosed by Bank Apr 18, 2017


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Project Description

This project provides financing to rehabilitate and restore the generating capacity of three power generating units of Nurek Hydropower plant, improve their efficiency, and strengthen the safety of the Nurek dam.

Components include replacing and refurbishing equipment and works in the hydropower plant, improving the safety of the plant's operation, and technical assistance to strengthen the technical capacity of Barqi Tojik.

Investment Description
  • Asian Infrastructure Investment Bank (AIIB)
  • World Bank (WB)
Private Actors

OJHSC Barqi Tojik is a state-owned enterprise under the Ministry of Energy and Water Resources.

Contact Information

Asian Infrastructure Investment Bank (AIIB):
Ms. Carmen de Castro
Project Team Leader / Investment Operations Specialist
E-Mail: carmen.decastro@aiib.org

World Bank:
Mr. Arthur Kochnakyan
Task Team Leader / Senior Energy Specialist
Tel: +1 202 473 6302
Email: akochnakyan@worldbank.org

Ms. Takhmina Mukhamedova
Task Team Leader / Energy Specialist
Tel: +992 48 701 5810
Email: tmukhamedova@worldbank.org

Borrower: Ministry of Finance, Tajikistan
Mr Abdusalom Qurboniyon
Minister
Tel: +99237 221 14 17
Email: info@mof.tj

Implemention Agency: Ministry of Energy and Water Resources, Tajikistan
Usmonali Usmonzoda
Minister
Tel: +99237 235 35 66
Email: uusmanov@gmail.com

OJSHC Barqi Tojik
Mahmadumar Asozoda
First Deputy Chairman
Tel: +99237 235 87 66
Email: Asozoda1968@gmail.com

ACCOUNTABILITY MECHANISM OF AIIB
In addition, the AIIB has a Project-affected People’s Mechanism. According to AIIB's policies, "people who believe they have been or are likely to be adversely affected by a failure of the Bank to implement the ESP may also submit complaints to the Bank's oversight mechanism in accordance with the policies and procedures to be established by the Bank for such mechanism." However, at the time of writing, the exact scope and function of its Project-affected People’s Mechanism are yet to be finalized.