Samruk-Energy Green Transformation (ADB-51315-001)

Countries
  • Kazakhstan
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
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 14, 2017
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
"Samruk Energy" Joint-Stock Company
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services, Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.22 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Oct 6, 2017

Disclosed by Bank Sep 14, 2017


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Project Description
This technical assistance project provides financing to Samruk-Energy, the largest electricity generation company in Kazakhstan, for: (i) a report on Samruk-Energy's corporate transformation program; (ii) financial analysis of Samruk-Energy; and (iii) an environmental and social safeguard audit of Samruk-Energy's current environmental and social management system with recommendations to fill any gaps to meet international standards.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
"Samruk Energy" Joint-Stock Company Block B, Business Center "Q", Kabanbay Batyr Ave, 15A 010000, Astana, Republic of Kazakhstan ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main