Toktogul Rehabilitation Phase 3 Project (ADB-49013-002)

Countries
  • Kyrgyzstan
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
C
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Sep 8, 2016
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Kyrgyz Republic
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Grant Amount (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Jun 26, 2020

Disclosed by Bank Nov 9, 2016

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to ADB website, the ADB financed the rehabilitation of the first two turbine-generator units and secondary electrical equipment of the largest and most important power plant in the Kyrgyz Republic under the Power Sector Rehabilitation Project (Phase 1) and the Toktogul Rehabilitation Phase 2 Project.

The phase 3 project aims to:
1. Complete the rehabilitation of the Toktogul hydroelectric power plant (HPP) by replacing the two remaining turbine-generator units and refurbishing the civil structures of Toktogul dam
2. Overhaul the dam monitoring systems at five dams along the Naryn cascade
3. Continue the information campaign to educate the public on sector reforms
4. Conduct corporate financial audits and business operation assessments of eight state-owned power and heat companies
5. Implement a management modernization program for the power generation company.

 

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Grant 0494-KGZ: Toktogul Rehabilitation Phase 3 Project
concessional ordinary capital resources lending / Asian Development Fund: US$ 50.00 million

Loan 3422-KGZ: Toktogul Rehabilitation Phase 3 Project
concessional ordinary capital resources lending / Asian Development Fund: US$ 60.00 million

Loan: Toktogul Rehabilitation Phase 3 Project
Eurasian Development Bank: US$ 40.00 million


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Project Officer: Koh, Pei Ling
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, Kyrgyz Republic
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

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.

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