Two Loans to EDB and IIB for Nord-Hydro (NDB-twoloanstoedbandiibfo)

Countries
  • Russia
Where the impacts of the investment may be experienced.
Specific Location
Karelia
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
  • New Development Bank (NDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 16, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Eurasian Development Bank (EDB); International Investment Bank (IIB)
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Finance
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, etc.
Investment Amount (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 161.90 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ NDB website

Updated in EWS Jan 29, 2020


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Project Description

According to the Bank's website, this project finances on-lending to renewable energy projects. Specifically, the loan will finance the Nord-Hydro project to increase supply in Karelia region through renewable energy. This will entail the construction of a dam, two hydroelectric generation plants and a 10km transmission line. 

Investment Description
  • New Development Bank (NDB)
Private Actors
Contact Information

No contact information available at time of writing.