Early Warning System

Countries

Kyrgyzstan

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 Kyrgyzstan - Ministry of Energy

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 Sep 2, 2024

Disclosed by Bank Aug 5, 2024

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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 Kyrgyz Republic has set out the priorities for the development of its energy sector in its Sustainable Development Strategy (SDS) for 2018-2040, which is accompanied by the medium-term National Development Program (NDP) until 2026, and the Concept for the Development of the Fuel and Energy Complex of the Kyrgyz Republic until 2030. Key goals set out in these policy documents include reducing the country's dependence on hydrocarbon energy sources through further large-scale up of hydropower and increasing the share of other renewables such as solar, wind and biogas to 10% of the country's total energy mix. Renewable energy development is crucial for achieving energy sector goals, namely: diversifying the sources of domestic power generation, reducing the country's dependence on energy imports, and increasing the energy security, and seeking to increase the share of intermittent renewable energy sources in the country's total power generation.

In February 2024 the Kyrgyz Ministry of Energy ("MoE") and the European Bank for Reconstruction and Development ("EBRD") signed a Memorandum of Understanding that lays the foundation for cooperation in the field of competitive bidding for renewable energy, and specifically the development of wind power projects with a total capacity of up to 300 MW of generation capacity, with an emphasis on attracting private sector investment.

Currently, domestic energy production in the Kyrgyz Republic mainly stems from hydro power plants (90%). There are also significant coal deposits. Oil and natural gas resources are marginal. The country is dependent on the import of natural gas, oil, and oil products. Energy security is a significant challenge because of outdated infrastructure and hydro-based electricity production susceptible to seasonal and weather-related fluctuations, i.e., high demand during the winter months due to heating needs and lower water inflows.

Long-term sustainability and stability of the sector is a key concern. Electricity demand continues to grow, and the country depends on electricity imports. There is one of the lowest residential electricity tariffs in the world and universal electricity access, and the residential sector is the largest electricity consumer. A gradual increase in tariffs is envisaged coupled with social protection measures.

In this context, the EBRD has been tasked by the Kyrgyz Authorities with providing support towards the development of the first wind auction for the country and is looking to engage an expert team for this purpose. This Assignment involves selecting a suitable and conducting a resource and environmental and social suitability assessment, providing support in revising the existing legislative framework as needed to allow for the implementation of a competitive bidding process, designing a competitive bidding process for supporting renewable energy, preparing the documentation needed for the first wind tender in Kyrgyz Republic, and providing implementation support to Authorities to administer the tender.

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 contacts available 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