REHABILITATION OF KAIRAKKUM HPP (EIB-20110652)

Countries
  • Tajikistan
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
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.
Borrower
OSHC BARKI TOJIK
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Hydropower
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)
$ 59.37 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 50 million
Converted using 2017-09-20 exchange rate.
Loan Amount (USD)
$ 59.37 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 50 million
Converted using 2017-09-20 exchange rate.
Project Cost (USD)
$ 216.11 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 182 million
Converted using 2017-09-20 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Feb 12, 2018

Disclosed by Bank Feb 8, 2017


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Project Description

According to EIB website, the project involves the rehabilitation of the hydro-mechanical and electro-mechanical equipment at the Kairakkum hydro power plant, including the replacement of all turbines and dam safety improvements. It is expected to increase the efficiency, total capacity and total annual generation of the power plant, therefore improving the security and reliability of electricity supply in northern Tajikistan. The project is also intended to raise the safety level of the power plant, the dam and the reservoir while strengthening the resilience of the plant against the adverse effects of climate change. 

The Bank will review the environmental and social process and documentation to ensure alignment with Bank requirements.

Investment Description
  • European Investment Bank (EIB)
Contact Information

No contact information provided at the time of disclosure. 

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