Dushanbe Energy Loss Reduction Project (EBRD-51667)

Countries
  • Tajikistan
Where the impacts of the investment may be experienced.
Specific Location
Dangara, Buston, Panjakent and their surroundings in Tajikistan
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
Sep 30, 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
Government
The holder of the loan, grant, or other investment.
Sectors
  • 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)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 110.30 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Apr 2, 2021

Disclosed by Bank May 27, 2020


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Project Description

PROJECT DESCRIPTION

The EBRD loanto 25 million US$ will be provided to the Republic of Tajikistan to be on-lent to OJSC "Shabakahoi taksimoti bark" established as part of Barqi Tojik unbundling. The provision will be used to finance the development of smart grid metering infrastructure in the cities of Dushanbe, Dangara, Buston, Panjakent and their surroundings in Tajikistan.

PROJECT OBJECTIVES

The Project will target one of the key constraints to economic development in the country - limited access to the reliable energy supply. The Project's principal objectives are to:

(i) address most urgent needs for the replacement of aged infrastructure,

(ii) contribute towards the reduction of distribution network losses resulting in financial and CO2 emissions savings, 

(iii) introduce modern billing and smart metering infrastructure, improve payment discipline and cash collection, support operational and financial efficiency and sustainability of the distribution sector.

 

 

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Contact Information

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.

COMPANY CONTACT INFORMATION

Republic of Tajikistan, 

www.barqitojik.tj