Toktogul Rehabilitation Phase 2 Project (ADB-46348-003)

Countries
  • Kyrgyzstan
Where the impacts of the investment may be experienced.
Specific Location
Toktogul
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
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
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.
Voting Date
Jul 3, 2015
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Kyrgyzstan
The holder of the loan, grant, or other investment.
Sectors
  • Hydropower
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant, Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 210.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 165.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Grant Amount (USD)
$ 44.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Jan 8, 2018

Disclosed by Bank Sep 30, 2016


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Project Description
According to ADB website, ADB is helping the Kyrgyz Republic upgrade its largest power plant, Toktogul. This will involve replacing two of the four existing generator and turbine units and associated equipment at the hydroelectric plant. The project will also improve finances, governance, and management of the power sector. This project is associated with a closed ADB project: Toktogul Rehabilitation Project Phase 2 (ADB-46348-001). The project will (i) continue the phased rehabilitation of Toktogul hydroelectric power plant (HPP) by replacing two of the four existing generator and turbine units and associated auxiliary equipment; (ii) implement a business process improvement project for the main generation company, open joint-stock company Electric Power Plants (EPP); (iii) prepare an asset inventory and revaluation for the seven power companies, and Bishkekteploset (heat and hot water distribution company); and (iv) prepare a power sector master plan to include a due diligence study for the rehabilitation of Uch Kurgan HPP. The project will increase domestic energy supply and international electricity trade, improve asset management and sector planning, and strengthen sector operational performance.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Project Officer: Hasnie, Sohail Central and West Asia Department, ADB No contact information provided at the time of disclosure. Executing Agencies: 1. OJSC Electric Power Plants Office Address: 326 Jibek Jolu Prospect,Bishkek No contact information provided at the time of disclosure. 2. State Committee for Industry, Energy and Subsoil Use of the Kyrgyz Republic Email Address: GEOAGENCYKG@GMAIL.COM Office Address: Erkindik Avenue, 2 Bishkek, 720740 3. State Property Fund Email Address: BAKYT1416@MAIL.RU Office Address: 151, Moskovskya Street, Bishkek, ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main