Energy Loss Reduction Tajikistan (EBRD-55544)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Tajikistan
Geographic location where the impacts of the investment may be experienced.
Specific Location
Bokhtar, Kulob and Guliston
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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
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
Jul 23, 2025
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 Tajikistan
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 30.52 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.
Currency conversion note:
Bank reported 28
Converted using 2025-04-02 exchange rate.
Loan Amount (USD)
$ 30.52 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.
Currency conversion note:
Bank reported 28
Converted using 2025-04-02 exchange rate.
Project Cost (USD)
$ 46.87 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.
Currency conversion note:
Bank reported 43
Converted using 2025-04-02 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS May 27, 2025

Disclosed by Bank Apr 2, 2025

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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.

As stated by the EBRD, the project consists of the provision of financing for the modernisation of the power distribution grid in northern and southern regions of Tajikistan in the form of up to EUR28 million sovereign loan to the Republic of Tajikistan with loan proceeds to be on-lent to OJSC "Shabakahoi Taqsimoti Barq", the implementing entity. The Bank's financing will target the installation of automatic billing and metering systems in 9 networks of Bokhtar, Kulob and Guliston branches of the Company.

The Project will be co-financed with a EUR15 million co-investment grant and TC grant funding from the European Union's Asia Pacific Investment Facility (APIF).

The Project will target one of the key constraints to economic development in the country - high levels of inefficiency and technical losses in the power distribution network. The Project's principal objectives are to: (i) address the most urgent needs for the replacement of aged infrastructure, (ii) contribute to the reduction of distribution network losses, (iii) introduce modern billing and metering infrastructure, improving payment discipline and cash collection, upholding operational and financial efficiency and sustainability of the power sector.

 

EBRD FINANCE SUMMARY

EUR 28,000,000.00

Up to EUR 28 million long-term sovereign loan to to the Republic of Tajikistan with loan proceeds to be on-lent to OJSC "Shabakahoi Taqsimoti Barq" (the "Company"), the implementing entity.

TOTAL PROJECT COST

EUR 43,000,000.00

Up to EUR 28 million sovereign loan to the Republic of Tajikistan with loan proceeds to be on-lent to OJSC "Shabakahoi Taqsimoti Barq" (the "Company"), the implementing entity. The Project will be co-financed with a EUR 15 million co-investment grant from the European Union's Asia Pacific Investment Facility (APIF).

ADDITIONALITY

ENVIRONMENTAL AND SOCIAL SUMMARY

Categorised B (2019 ESP). Key Environmental and Social (E&S) impacts/risks to consider include labour and working conditions, potential land acquisition and restriction of access, client Environmental and Social capacity, management of contractors, occupational health and safety risks, demobilisation of fee collectors and stakeholder engagement associated with the introduction of new payment methods (smart metering). The ESDD will be undertaken internally and will include a review of the current environmental, health and safety and social practices employed by the Client, an assessment of impacts and benefits of the proposed investment, as well as evaluation of the progress and compliance with the previously agreed ESAP.

The STB, a longstanding client of EBRD since 2021, emerged from the unbundling of the integrated power company Barqi Tojik. STB has demonstrated notable progress in Environmental and Social Action Plan (ESAP) implementation for other Bank-financed projects, as evidenced by the latest monitoring report. Over the next few years, STB will participate in an E&S Capacity Building TC program, designed to provide training on Good International Practice (GIP) for sector-specific environmental and social matters, facilitate the development of an Environmental and Social Management System (ESMS) within STB, and support ongoing ESAP-related actionsiparticularly those focused on ESMS integration.

TECHNICAL COOPERATION AND GRANT FINANCING

The following technical co-operation ('TC') assignments are envisaged as part of this Project:

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the EBRD, Open Joint Stock Company Shabakahoi Taqsimoti Barq was established in 2021 as a result of unbundling of the vertically integrated power company Barqi Tojik. The Company is responsible for operation and maintenance of the entire distribution network in Tajikistan. The Company is state-owned.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - OJSC Shabakahoi Taqsimoti Barq Client Energy

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.

Client - SHABAKAHOI TAQSIMOTI BARQ OJSC:

Email: taqsimoti.barq@gmail.com
Phone: +992 37 229 5411
Website: https://shtb.tj/
Address: 734026 Dushanbe, Ismail Somoni Ave. 64

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

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 at: 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

How it works

How it works