KEGOC Renewable Energy Supporting Grid Expansion Project (ADB-57127-001)

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.
Specific Location
Shu, Zhambyl, Shymkent
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
  • 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
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
Feb 8, 2024
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
JSC Kazakhstan Electricity Grid Operating Company (KEGOC)
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Construction
  • 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)
$ 134.63 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 60650
Converted using 2024-02-08 exchange rate.
Loan Amount (USD)
$ 134.63 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 60650
Converted using 2024-02-08 exchange rate.
Bank Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Feb 29, 2024

Disclosed by Bank Feb 23, 2024

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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 ADB, the proposed project will provide corporate financing to KEGOC to support:

(i) the construction of a new 500kV overhead transmission line (OHTL) between Shu and Zhambyl substations (300km);
(ii) the construction of a new 500kV OHTL between Zhambyl and Shymkent substations (175km);
(iii) the expansion and modernization of the existing 500kV Shu and Zhambyl substations; and
(iv) the modernization of the 500 kV Shymkent substation.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

The ADB categorized the project risks as follows:

Environment B
Involuntary Resettlement B
Indigenous Peoples C
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 on the company's website, KEGOC (Kazakhstan Electricity Grid Operating Company) was established in accordance with Decree No.1188 of the Government of Kazakhstan dated 28 September 1996 'On some measures to restructure power system management in Kazakhstan'.
Its mission is to ensure reliability, availability and advanced development of the energy system of Kazakhstan.

Samruk-Kazyna Sovereign Wealth Fund was established through a merger of Kazyna Sustainable Development Fund and Samruk Kazakhstan Holding Company on Management of the State Assets. Samruk-Kazyna Sovereign Wealth Fund was established to improve the competitiveness and stability of the national economy and to pro-actively address possible negative impact of changes in world markets on the economic growth in Kazakhstan.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
JSC "SWF Samruk-Kazyna" (SKKZ) Parent Company Finance owns JSC Kazakhstan Electricity Grid Operating Company (KEGOC) 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.

No contacts provided at the time of disclosure.

ADB Team Leader:

Alibek Abdrakhmanov - Senior Investment Specialist

Borrower -JSC Kazakhstan Electricity Grid Operating Company:

Address: Z00T2D0, Astana, Almaty district, 59 Tauelsizdik Ave 
Email: kegoc@kegoc.kz
Website: https://www.kegoc.kz/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.

How it works

How it works