According to the bank document, the proposed debt funding will be dedicated to the development and construction of a 30MWp PV Solar plant in Ukraine. Scatec will provide the necessary equity contributions along with a prospective co-investor. Because Kamiyanka will be funded by EBRD under their Ukraine Sustainable Energy Lending Facility ("USELF III") and EBRD's E&S Performance Requirements do apply for this Project, reference is also made to EBRD's website:
Scatec Solar ASA ("SSO") is a publicly-traded Norwegian developer, investor and constructor of PV solar projects in emerging markets: currently, they have 322 MW operational and over 1 GW in development. For the 30MWp, Chysta Enerhiia-2011 LLC (aka: "Kamiyanka") project in the Ukraine, the EBRD was invited as lead arranger. FMO proposed investment in Kamiyanka is an up to EUR13.5m B-Loan participation under EBRD's Loan Agreement. When in mid-2017, the Ukraine adopted a new Electricity Market Law ("New Law"), many local and international developers and sponsors realized that Renewable Energy ("RE") Projects were made possible with (i) long term power purchase agreements ("PPAs") and (ii) a Feed-in-Tariff ("FiT") in EUR.
*There is no further information being disclosed at this stage of the project, for the project contact's info".
ACCOUNTABILITY MECHANISM OF FMO
Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism