Viability Assessment for Potential Wind Power Electricity Generation Projects (ADB-55332-001)

Countries
  • Armenia
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Sep 27, 2022
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Armenia
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
  • Law and Government
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 1.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Apr 8, 2023

Disclosed by Bank Sep 27, 2022

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the ADB, the Government of Armenia requested support from the Asian Development Bank in exploring opportunities to develop Armenia's wind energy potential. ADB responded to the request by preparing the first of two planned phases of technical assistance. The knowledge and support TA concept paper for phase 1 was approved on 26 January 2022 supporting the government's selection of sites for investment in electricity generation from wind and build knowledge of the technical and financial feasibility work.
The phase 1 TA will assist the Ministry of Territorial Administration and Infrastructure to comply with the new public investment management framework requirements of Armenia. In that sense, it will help inform subsequent decisions in phase 2 on structuring prospective investments and selecting the best procurement options. Phase 1 TA will also help lay the groundwork for a possible public-private partnership option if the requirements for it under Armenia's new PIM framework and other fiscal management rules under the new PPP legal and regulatory framework are met when public procurement options are appraised.
The phase 2 TA (through a new, second TA project) is planned to support the preparation of a sustainable PPP transaction, in full compliance with national PPP legislation and its competitive bidding principles, when the confirmation of the viability of a commercially oriented wind energy investment under phase 1 TA and all the necessary PIM and PPP framework criteria (including clear value-for-money tests) are received.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

ADB Team Leaders:

Areg Arcady Barseghyan - Energy Division, CWRD
Narine Avetisyan, Senior Investment Officer, CWRD

No contacts available at the time of disclosure.

Executing Agency - Ministry of Territorial Administration and Infrastructure:

Address: Government House 3, Republic Square, 0010 Yerevan, Armenia
Email: 39161512@e-citizen.am
Website: https://mtad.am/en

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.adb.org/forms/request-information-form

ADB has a two-stage appeals process for requesters who believe that ADB has denied their request for information in violation of its Access to Information Policy. You can learn more about filing an appeal at: https://www.adb.org/site/disclosure/appeals

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.

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