According to the Bank's website, this project will provide financing to HEC KT LLC for the development, construction and operation of a solar photovoltaic power plant to be located near Zhanakorgan settlement.
European Bank for Reconstruction and Development is providing a loan of up to USD 5 million.
Green Climate Fund is providing a loan of up to USD 2 million.
HEC KT LLC has been incorporated in Kazakhstan to implement the project. The company is controlled by Hydroenergy company JSC, a Bulgarian company engaged in solar projects internationally.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||HEC KT LLC||Client||-|
|-||-||-||-||Hydroenergy Company JSC||Parent Company||-|
143/93 Abay avenue 050050, Almaty, Republic of Kazakhstan
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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.
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