State Enterprise National Nuclear Energy Generating Company "Energoatom" (DFC-2018-STATEENTERPRIS)

Countries
  • Ukraine
Where the impacts of the investment may be experienced.
Specific Location
Chornobyl Exclusion Zone.
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
A
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
State Enterprise National Nuclear Energy Generating Company
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Guarantee
The categories of the bank investment: loan, grant, etc.
Loan Amount (USD)
$ 270.00 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)
$ 410.00 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 @ DFC website

Updated in EWS Aug 5, 2020


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Project Description

According to Bank documents, this project provides political risk insurance for the development and construction of the Central Spent Nuclear Fuel Storage Facility located in the Chornobyl Exclusion Zone.

Investment Description
  • US International Development Finance Corporation (DFC)

DFC will issue Breach of Contract for Capital Markets political risk insurance, a form of expropriation coverage that insures against the risks of (1) nonpayment of an arbitral award by the Foreign Enterprise and the Government of Ukraine, and (2) denial of justice by the Government.

Private Actors
Contact Information

No project-specific contact information available at time of writing.

ACCESS TO INFORMATION
Unlike many other development finance institutions, DFC does not currently have an access to information policy.

Under the United States Freedom of Information Act (FOIA), DFC is obliged to respond to reasonably formulated requests for Agency records. However, DFC may apply exemptions from release to certain types of information and may charge fees in responding to requests. DFC has a designated FOIA officer who is trained in how to respond to requests and implement the law. You can learn more about filing a FOIA request at: https://www.dfc.gov/foia.

 

ACCOUNTABILITY MECHANISM OF THE UNITED STATES INTERNATIONAL DEVELOPMENT FINANCE CORPORATION (DFC)
The Office of Accountability is an independent office that addresses complaints about environmental or social issues related to DFC-supported projects. The office provides communities an opportunity to have concerns independently reviewed and addressed. If you submit a complaint to the Office of Accountability, it may assist you by either seeking to address your problems by facilitating a problem solving dialogue between you and those implementing the project and/or investigating whether the DFC complied with its policies to prevent environmental, social, human rights, and labor harms. 

You can find more information about the Office of Accountability at: https://www.dfc.gov/who-we-are/office-accountability.