E Mobility Kazakhstan (IFC-607645)

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
  • International Finance Corporation (IFC)
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
Oct 16, 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 Kazakhstan
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
  • Law and Government
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 0.85 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)
$ 0.85 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.
Other Related Projects
Primary Source

Original disclosure @ IFC website

Updated in EWS Dec 16, 2024

Disclosed by Bank Oct 31, 2023

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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 IFC, the Project will focus on policy and regulatory work to enable e-Mobility market creation in Kazakhstan. The Government counterparts expressed interest to build on initial IFC policy recommendations provided during pre-implementation and expressed desire to continue working on policy and regulatory changes to enable development of eMobility. Against this backdrop, the Project will focus in policy and regulatory work around 3 key areas:

1. Help Government prepare Emobility policy that will provide for Government’s vision, policies and targets for EV adoption, as well as incentives to enable adoption of EVs. It will include definition of user cases for EV traffic, broadly assess climate and power-market circumstances, and recommendation on the speed and scope of EV conversion and country conversion targets for EVs and charging infrastructure. The Policy will give estimate of EV impact on traffic, air quality, fuel and car industry, local manufacturing that will inform policy objectives. Help Government to advocate for EV policies with stakeholders.

2. Policies to address bottlenecks in the development of charging infra with private sector support – global benchmarks for policies and programs, development of locally relevant policies and programs, assistance in removing regulatory bottlenecks in deploying charging infrastructure in Kazakhstan. This should be complemented with safety and performance standards development for vehicles, charging equipment, installation and commissioning of the latter;

3. Development of a policy roadmap to enable local assembly and manufacturing of EVs, potentially focusing on commercial vehicles and public transport vehicles. This should include analysis of the strength and depth of the local value chain and policies to support adoption of EVs in commercial fleets and public transport, including assessment of the current situation, key gaps and regulatory support needed. Explore policies to enable electrification of marshrutkas (private sector players providing public transport under license agreements).

Key planned outcomes of this work are: a) increase in number of electric vehicles to 8,700 (baseline 1,600), b) increase in number of charging stations in to 1,200 (baseline 181), c) value of sales of electric vehicles of $145 million, and policy/regulatory reform implemented. As a result of this work, expected impact is: a) reduction of GHG emissions of 55,000 metric tons, and d) increase in private sector investments in e-mobility of over $75 million.

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.

No contacts provided at the time of disclosure.

ACCESS TO INFORMATION

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ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org

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