Strategy for Northeast Asia Power System Interconnection (ADB-48030-001)

Countries
  • Mongolia
Where the impacts of the investment may be experienced.
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
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.
Voting Date
Nov 27, 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 Mongolia, Ministry of Energy
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)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 1.75 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 Oct 19, 2017

Disclosed by Bank Mar 15, 2017


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Project Description
According to ADB website, the proposed policy and advisory technical assistance will prepare a strategy for Northeast Asia Power System interconnection using Mongolia's abundant renewable energy. According to ADB documents, the TA is aligned with ADB’s Energy Policy in its promotion of renewable energy development and regional power sector integration.3 The TA is also aligned with Strategy for Regional Cooperation in the Energy Sector of Central Asia Regional Economic Cooperation Countries. The impacts of the TA will be (i) carbon footprints of the power system in Northeast Asia reduced, (ii) power system in Northeast Asia optimized, and (iii) stakeholders’ agreement reached on the NAPSI Steering Committee plan. Safeguard categorization is not applicable.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Project Officer: Oi, Teruhisa East Asia Department No contact information provided at the time of disclosure. 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