GrC3 W1 - Bishkek District Heating Modernisation (EBRD-55936)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Kyrgyzstan
Geographic location where the impacts of the investment may be experienced.
Specific Location
Bishkek
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
Nov 7, 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 Kyrgyzstan
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
  • Infrastructure
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)
$ 19.68 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 16.92
Converted using 2025-10-08 exchange rate.
Loan Amount (USD)
$ 19.68 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 16.92
Converted using 2025-10-08 exchange rate.
Project Cost (USD)
$ 46.71 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 40.17
Converted using 2025-10-08 exchange rate.
Other Related Projects
Primary Source

Original disclosure @ EBRD website

Updated in EWS Oct 11, 2025

Disclosed by Bank Oct 8, 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.

According to the EBRD, the project consists of a sovereign loan of up to EUR16.9 million to the Kyrgyz Republic to modernise the district heating (DH) infrastructure in Bishkek, improve its energy efficiency and reduce emissions from heating. The proceeds will be used to modernise pumping stations, rehabilitate an aging DH network, install Supervisory Control and Data Acquisition (SCADA) systems, and procure specialised vehicles. The project is a follow-on investment under the EBRD Green Cities Programme and the City's Green City Action Plan (GCAP).

The project aims to address pressing environmental concerns related to worn-out and outdated DH infrastructure. It will help to (i) reduce heat losses and electricity consumption, (ii) enhance operational reliability, (iii) improve the energy efficiency through improved system control, as well as (iv) help the long-term financial sustainability of the municipal DH operator.

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

According to the EBRD, the EBRD loan will be co-financed by a concessional loan of up to €16.8 million from the Green Climate Fund (GCF) or another source, and an investment grant of up to €6.5 million from an international donor or the EBRD Shareholder Special Fund (SSF).

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.

According to the EBRD, the project implementing agency will be the Municipal Enterprise Bishkekteploset (BTS), the main DH distributor in the City. It operates the pumping stations and the majority of DH network and supplies heat from the CHP.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Bishkekteploset JSC Contractor 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.

Borrower - Ministry of Finance, Government of Kyrgyzstan:

Uran Rayimbekov - Director
Email: info@teploseti.kg 
Phone: +996 (312) 591456
Address: 2/1 Zhukeev-Pudovkin street, Bishkek, Kyrgyz Republic

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