Jalalabatelectro Rehabilitation Project (EBRD-49950)

Regions
  • Europe and Central Asia
Where the impacts of the investment may be experienced.
Countries
  • Kyrgyzstan
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
Sep 5, 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
Kyrgyz Republic
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Energy
  • Infrastructure
  • Technical Cooperation
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)
$ 4.89 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 4
Converted using 2018-04-24 exchange rate.
Project Cost (USD)
$ 8.57 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported 7
Converted using 2018-04-24 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Aug 3, 2018

Disclosed by Bank Apr 24, 2018


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Project Description

This project provides financing for the Jalalabatelectro investment program which aims to rehabilitate and modernize low and medium voltage networks. This includes installing 21,000 advanced meters in the south of Kyrgyzstan, and the restructuring of JSC Jalalabatelectro.

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Private Actors
  • JSC Jalalabatelectro -- Implementing Company
Contact Information

Kubanychbek Raymakhunov
kuba1962@mail.ru
+996772138150
www.jae.kg

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.