Bishkek District Heating Network (EBRD-47948)

Countries
  • Kyrgyzstan
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
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
Nov 30, 2016
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
BISHKEK DISTRICT HEATING NETWORK
The holder of the loan, grant, or other investment.
Sectors
  • Infrastructure
  • Technical Cooperation
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)
$ 7.22 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)
$ 7.22 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)
$ 12.10 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 @ EBRD website

Updated in EWS Feb 24, 2018

Disclosed by Bank Aug 15, 2016


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Project Description

According to EBRD website, the project will be providing a sovereign loan of up to USD 7.2 million to be on-lent to Bishkek District Heating Network company, a joint stock company responsible for provision of heating services to households, private enterprises and public buildings in Bishkek. The EBRD will also seek an investment grant from international donors of USD 3.9 million to facilitate implementation of the project which will address urgently needed district heating infrastructure rehabilitation needs.

The Project will finance the Priority Investment Programme (PIP) of the Bishkek DH which includes modernisation of pumping stations with replacement of the main-line pumps with variable frequency drive, installation of remote control as well as introduction of water and heat distribution monitoring and heat network mode control (SCADA system modernisation). It aims to achieve modernisation and automation of current facilities which will help to reduce operational costs as well as increase reliability of the heating network and Company's clientele. The Project will also introduce better contractual arrangements to run the system.

The technical cooperation assisgnments will cover Feasibility Study, Project Implementation Support and Corporate Development Support Programme. 

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

Project Contact: Mr. Uran Raimbekov, Bishkek
Email Address: raimbekov.u@mail.ru
Telephone No.: + 996772539793

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.