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

Countries
  • Kyrgyzstan
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
C
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
Sep 8, 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
Kyrgyz Republic
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)
Grant, Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 150.00 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)
$ 100.00 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)
$ 50.00 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 Jun 26, 2020

Disclosed by Bank Nov 9, 2016


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Project 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
  • Asian Development Bank (ADB)

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

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.