Ulaanbaatar District Heating Project (EBRD-49511)

Countries
  • Mongolia
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
Proposed
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
Dec 12, 2018
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
The holder of the loan, grant, or other investment.
Sectors
  • 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)
$ 10.00 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)
$ 15.00 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 Mar 8, 2019

Disclosed by Bank Oct 1, 2018


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Project Description

Accordint to the bank document, the project includes "1) the rehabilitation and the replacement of selected sections of the district heating network, 2) the installation of an energy-efficient booster pumping station, 3) other auxiliary investments, such as upgrading of central heating substations or installing individual heating substations in buildings directly connected to the UBDH network, 4) the construction of a new energy centre to serve the north of the city and 5) the installation of DH accumulators, which could store heat energy either produced during the night hours when the cost of electricity is minimal or at times when CHP plants produce excess heat."

 

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

The project is expected to be co-financed by a capital grant from bi-lateral or multilateral donors or the Special Shareholder Fund (or a combination of donor funding) amounting up to US$ 5 million (EUR 4.5 million).

Contact Information

Company Contact Information
Dr. D. Byamba-Ochir
ochir@ubds.energy.mn
+976 11342397

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 .