Early Warning System

Countries

Kazakhstan

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

European Bank for Reconstruction and Development (EBRD)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Approved

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Borrower

Government of Kazakhstan

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Energy
Technical Cooperation

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Grant

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

Not Disclosed

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Primary Source

Original disclosure @ EBRD website

Updated in EWS Jul 24, 2023

Disclosed by Bank Jul 14, 2023

Contribute Information
Can you contribute information about this project?
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Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the Government of Kazakhstan has committed to increase the share of solar and wind based renewable energy (RE) in electricity generation from the current 3.6% to 15% by 2030 and 50% by 2050. Such plans tie-in with Kazakhstan's Nationally Determined Contribution (NDC) under the Paris Agreement, which targets reducing GHG emissions by 15% below 1990 levels by 2030.

In order to achieve the 2030 RE share target, the Ministry of Energy (referred to hereafter as "the Authorities") adopted a Concept for the development of Power sector of Kazakhstan by 2035. This focuses on: (a) developing RE zones by identifying the most promising wind and solar RE sites; (b) the building of enabling infrastructure; (c) improving the policy framework for RE auctions; and (d) moving towards site-specific auctions. The Authorities calculated that 7GW of new RE capacity is needed to achieve 2030 RE share target.

In this context, EBRD started by supporting the Government with the preparation and implementation of the first two site-specific wind auctions for 100 and 50 MW. Both were successfully awarded in November 2022 at historically low prices for wind energy in Kazakhstan.

The Authorities are interested in introducing auctions for pilot hybrid projects that combine one or more renewable energy technologies with battery energy storage systems (BESS). In this context, the Authorities are interested in conducting a pilot auction for a site-specific wind + BESS power plant (the "pilot auction" or "auction". This pilot auction will be conducted in a site in the Kostanay region for which a wind measurement campaign has already been undertaken.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contact information provided at the time of disclosure.

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html