Floating Solar Energy Development (ADB-52079-001)

Regions
  • Europe and Central Asia
Where the impacts of the investment may be experienced.
Countries
  • Afghanistan
  • Azerbaijan
  • Kyrgyzstan
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
Approved
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
Aug 17, 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.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 3.00 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 Mar 13, 2019

Disclosed by Bank Sep 28, 2018


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Project Description

According to ADB website, the TA aims to pilot test and build expertise on the emerging floating solar photovoltaic (FPV) technology to diversify the energy mix, increase energy security, and reduce greenhouse gas (GHG) emissions. Afghanistan, Azerbaijan, and the Kyrgyz Republic represent these critical vulnerabilities of Central and West Asian countries and are the targeted beneficiaries. 

Investment Description
  • Asian Development Bank (ADB)
Contact Information

Executing Agencies: 

1. Asian Development Bank
6 ADB Avenue,
Mandaluyong City 1550, Philippines

2. Da Afghanistan Breshna Sherkat
Chaman Houzouri, Kabul, Islamic Republic of Afghanistan

3. OJSC Electric Power Plants
326 Jibek Jolu Prospect, Bishkek, Kyrgyz Republic

4. The Ministry of Energy of the Republic of Azerbaijan
Haydar Aliyev Avenue 152, Chinar Plaza

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