Samarkand Solar Power Plant (EBRD-51055)

Countries
  • Uzbekistan
Where the impacts of the investment may be experienced.
Specific Location
Samarkand
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Oct 21, 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
Total-Eren
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 Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 37.90 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 32
Converted using 2020-08-14 exchange rate.
Project Cost (USD)
$ 123.16 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 104
Converted using 2020-08-14 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Sep 3, 2020

Disclosed by Bank Aug 14, 2020


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Project Description

According to the EBRD's website, this project provides financing for the construction and operation of a greenfield solar photovoltaic power plant with a capacity of 100 MW in the Samarkand region of Uzbekistan.

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Private Actors
  • Total Eren SA -- Parent Company
  • Tutly LLC -- Implementing Company

Tutly LLC is a special purpose vehicle incorporated in Uzbekistan for the purpose of developing, constructing and operating the Project. It is 100 percent owned by Total Eren SA.

Total Eren S.A. is an independent global renewable energy operator active in the development and construction management of renewable energy projects with the main focus on onshore wind and ground-mounted solar PV technologies.

Contact Information

Company Contact
Félicie Moulard
felicie.moulard@total-eren.com
+33 1 58 97 26 64
www.total-eren.com

ACCESS TO INFORMATION
You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

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 at: 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