Early Warning System

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

Sugd Province

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

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 15, 2023

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
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)

$ 27.35 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 25
Converted using 2023-08-15 exchange rate.

Loan Amount (USD)

$ 27.35 million

Project Cost (USD)

$ 32.82 million

Other Related Projects

EBRD-54275 Sugd Transmission Grid Upgrade

Primary Source

Original disclosure @ EBRD website

Updated in EWS Aug 15, 2023

Disclosed by Bank Aug 15, 2023

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Can you contribute information about this project?
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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 in the provision of financing for rehabilitation of the two existing transformers at 500/220/35 kV substation in the Sugd region of Tajikistan in the form of an up to EUR 25 million sovereign loan to the Republic of Tajikistan with loan proceeds to be on-lent to OJSC Shabaqahoi Intiqoli Barq, the implementing entity.

The implementation of the project shall contribute to strengthening of the power sector in Tajikistan by reducing losses, improving collection rates and revenue streams. The project objectives are to address most urgent needs for the replacement of aged infrastructure and to contribute towards the reduction of distribution network losses resulting in financial and CO2 emissions savings. The project shall strengthen reliability and stability of the transmission network and improve capacity of the electricity system, ultimately leading to the reduction of system losses.

Investment Description

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

European Bank for Reconstruction and Development (EBRD)

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.

The implementing agency is Open Joint Stock Company Shabaqahoi Intiqoli Barq, which 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 transmission network in Tajikistan. The Company is 100 per cent owned by the Government.

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	Shabaqahoi Intiqoli Barq OJSC	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.

Implementing Agency - Shabaqahoi Intiqoli Barq OJSC:

Email: info@shib.tj
Phone: +992 37 235 8666 / +992 37 235 869264
Address: Ismoil Somoni Street, Dushanbe, Tajikistan 734026
Website: https://shib.tj/

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