E Mobility Uzbekistan (IFC-607774)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Uzbekistan
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 Uzbekistan
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 in policy and regulatory work around 6 key areas in both countries:

1. Policies to support adoption of EVs in commercial fleets and public transport, including assessment of the current situation, key gaps and regulatory support needed. One of such initiatives that could be supported by the Project is that Ministry of Transport needs to develop a system of motivating private taxi enterprises to purchase EVs in 2023 and beyond, while the Project aims to explore the policies to enable electrification of marshrutkas (private sector players providing public transport under license agreements) as requested by the client. While gas prices are affordable in Uzbekistan, EVs can reduce the cost of automotive travel by approximately 50%, and this can avenue of potential new private investments as this segment is sizable in the country.
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 implementing Presidential decree on charging infrastructure in Uzbekistan;
3. Safety and performance standards development for vehicles, charging equipment, installation and commissioning of the latter;
4. Development of a policy roadmap to enable local assembly and manufacturing of EVs, potentially focusing on commercial vehicles and public transport vehicles;
5. Policies and regulations to enable and incentivize battery manufacturing.
6. Analysis on effects of EVs on energy system in UZB, energy generation and consumption, and explore ways to link charging infrastructure with RE sources.

As a result of this work, expected results are as follows: a) increase in number of electric vehicles to 17,000 (baseline 3,171), b) increase in number of charging stations to 1,100 (baseline 45), c) reduction of GHG emissions of 198,000 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

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

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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How it works