GrCF2 W2 - Dushanbe District Heating Project (EBRD-49375)

Countries
  • Tajikistan
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
Apr 7, 2020
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
State Unitary Enterprise Dushanbe District Heating Company
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Infrastructure
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)
$ 5.00 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)
$ 10.00 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 Jul 23, 2020

Disclosed by Bank May 21, 2020


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Project Description

PROJECT DESCRIPTION

EBRD is  providing of a 15-year sovereign-guaranteed loan of up to US$ 5.0 million ( EUR4.5 million) to the State Unitary Enterprise Dushanbe District Heating Company. The loan will consist of two tranches: Tranche I and Tranche II of up to US$ 2.5 million each. The EBRD loan is expected to be co-financed by a US$ 5 million grant from the EBRD's Shareholders Special Fund. The total project cost is 10 million USD. 

PROJECT OBJECTIVES

The Bank's first district heating sector project in Tajikistan will include:

(i) the rehabilitation of selected sections and potentially the expansion the district heating ("DH") network;

(ii) the rehabilitation of pumping stations and the introduction of metering at pumping stations and pilot metering at apartment level; 

(iii) the procurement of operational and maintenance machinery and equipment. The Project is proposed as a 'trigger' project for Dushanbe (the "City") under the Green City Framework 2 ("GrCF2").

 

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

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.

COMPANY CONTACT INFORMATION

State Unitary Enterprise Dushanbe District Heating Company

Norov Farukh Burievichdteploset@gmail.com992-837-231-24-41Borbad 48a street, Dushanbe, Republic of Tajikistan