USELF: NBT Syvash Wind (EBRD-50215)

Countries
  • Ukraine
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
A
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 19, 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
SYVASH ENERGO PROM LLC
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 85.06 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 75
Converted using 2018-08-15 exchange rate.
Project Cost (USD)
$ 418.49 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 369
Converted using 2018-08-15 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jan 28, 2019

Disclosed by Bank Aug 15, 2018


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Project Description

This project provides financing to SyvashEnergoProm LLC for the construction and operation of an onshore wind farm with up to 250MW capacity, located in Southern Ukraine. 

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

Syvash Energo Prom is a special purpose company incorporated in Ukraine and created to own, construct and operate the wind farm. Syvash is owned by East Renewable Energy AB which is majority owned by NBT AS. NBT AS is a Norwegian wind farm developer with operating wind farms in China.

Contact Information

Børge Tvorg
bt@nbtas.no
+47 911 93 033
www.nbtas.no
Gulliver Business Center, 1A Sportyvna sq, 17th floor, Kiev, Ukraine

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.