Russian Grids Modernisation Loan (EBRD-45033)

Countries
  • Russia
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
Proposed
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.
Borrower
JSC Russian Grids
The holder of the loan, grant, or other investment.
Sectors
  • Energy
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)
$ 17.76 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 1000
Converted using 2018-02-24 exchange rate.
Loan Amount (USD)
$ 17.76 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 1000
Converted using 2018-02-24 exchange rate.
Project Cost (USD)
$ 17.76 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 1000
Converted using 2018-02-24 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Feb 24, 2018


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

According to EBRD website, the EBRD is considering extending financing to JSC Russian Grids to finance part of its investment program focusing on modernisation of the existing electricity distribution network and introduction of smart grid elements. It will provide a TC assignment with technical assistance to the Company to review the investment projects and provide recommendations on their design to ensure it incorporates smart grid functional in line with best international practices. The Project will contribute to improvements in the standards of business conduct through the identification of cost/efficiency savings that could be implemented in other areas.

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Contact Information

General enquiries to EBRD: 
Telephone No.: +44 20 7338 7168
Email Address: projectenquiries@ebrd.com

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, 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.