Opportunities to Accelerate Coal to Clean Power Transition in Kazakhstan (ADB-56314-001)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Kazakhstan
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
Dec 28, 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 Kazakhstan
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 0.23 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.
Grant Amount (USD)
$ 0.23 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.
Project Cost (USD)
$ 0.23 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 Oct 16, 2023

Disclosed by Bank Dec 28, 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 Bank’s website, the ADB aims to encourage member countries to shift to a low greenhouse gas emission development path in line with their nationally determined contributions under the Paris Agreement. The project consists of opportunities to Accelerate Coal to Clean Power Transition in Kazakhstan.

In general, ADB's ETM is seeking to set up a commercial funding vehicle for supporting the accelerated retirement of coal plants while also supporting the simultaneous scale up of renewable energy. The TA will conduct a pre-feasibility study (Pre-FS) aiming to identify opportunities and possible transition mechanisms in Kazakhstan to accelerate the retirement of coal-fired power plants (CFPPs) and combined heat-power plants (CHPPs) and replace them with cleaner energy sources.

The ETM Pre-FS will:

(i) assess Kazakhstan's policy and regulatory environment under which CFPPs and CHPPs are operating in order to understand the feasibility of acquiring, retiring, and replacing CFPPs and CHPPs suitable for GOK's consideration under one of the potential ETM modalities;

(ii) develop of a multi-criteria analysis (MCA) framework that will be used to carry out a high-level screening of Kazakhstan's entire fleet of CFPPs and CHPPs based on financial, contractual, institutional, regulatory, geographical location and market-related aspects for the purpose of identifying and ranking them from high-prospect to low-prospect assets in terms of their potential for accelerated retirement under a suitable ETM modality;

(iii) provide a detailed financial analysis of the top-five (5) representative CFPPs and CHPPs;

(iv) define the terms of reference (TORs) for a full feasibility study with a larger scope and timeframe, which would later design the structure of a pilot ETM aiming to replace coal and/or other high-carbon power generation with cleaner technologies;

(v) define a potential ETM opportunities to accelerate the transition from coal-fired and other high-carbon power generation to clean power generation in Kazakhstan;

(vi) conduct an analysis on the suitable ETM models within the prevailing legal and regulatory framework of Kazakhstan's energy sector.

 

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.

Responsible ADB Officer: Zharkinbayev, Serik Sabitovich

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.

How it works

How it works