Project description
and objectives:
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Aktobe CHP’s rehabilitation and efficiency improvement investment programme would include:
(i) installation of a new 30 MW steam turbine,
(ii) installation of a new 25 MW Gas Turbine unit with Heat Recovery Steam Generator, subject to outcome of detailed feasibility study, and
(iii) other energy efficiency projects, including boilers’ modernisation.
The project will increase generation capacity and significantly improve the plant’s efficiency and environmental performance to address the growing demand in the Aktobe region in a sustainable manner
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Transition
impact:
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This project will achieve significant transition impact: The project once completed will achieve significant efficiency improvement, and the increase in capacity of this power plant fuelled by associated gas will contribute to the diversification of power generation towards less carbon intensive fuel, which, in Kazakhstan, is otherwise dominated by lignite coal fired plant.
The project is identified as a priority under the Sustainable Energy Action Plan (SEAP) signed between the EBRD and the Government of Kazakhstan earlier this year.
The Project will seek to further improve the Borrower’s financial transparency and quality of financial information through IFRS statements going forward and quality standard improvement through ISO 9001 and ISO 14001 by end 2012.
In parallel, as part of implementation of the SEAP, the Bank will continue to work directly with the Anti-Monopoly Agency and the Ministry of Energy and Natural Resources to further improve tariff methodologies applicable to regulated heat and electricity activities in line with international practice, through inter alia, the implementation of consultants’ recommendations provided to date under Technical Cooperation
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The client:
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Aktobe CHP Joint Stock Company owns and operates a gas-fired combined heat and power plant with total 102 MW and 1,139 Gcal/h installed capacity in Aktobe in North West Kazakhstan.
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EBRD
finance:
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Senior secured long term loan: up to USD 40 million.
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Total project cost:
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Approximately USD 50 million.
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Environmental impact:
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The project was screened as B/1. The environmental impacts of a gas fired combined heat and power plant are relatively low and the plant needs to improve its operational and environmental performance through energy efficiency increase. An independent environmental consultant completed environmental and social due diligence of the project Company, which consisted of an Environmental Audit covering all assets and operations and an Environmental Analysis of the proposed investment programme. An Environmental and Social Action Plan (ESAP) was developed and is being discussed with the Company. The investment project is structured to meet National and EU Environmental Standards, and the associated ESAP will significantly improve the company’s environmental management and overall performance. However, not all of the company’s old facilities will at this stage be capable of meeting EU standards; this will require further investment which the Bank will monitor as part of the ESAP implementation.
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Technical
cooperation:
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A Technical and Energy Efficiency Audit was carried out by MWH, an Italian Consulting under a TC framework contract funded by the U.K. Government. The audit covered the facilities of the plant and resulted in proposals for investments projects that will be included in the loan.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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EBRD contact:
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Aida Sitdikova, Operation Leader: sitdikoa@ebrd.com
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Procurement or tendering
opportunities:
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Visit EBRD Procurement
Enquiries: Tel: +44 20 7338 6794; Fax: +44 20 7338 7472, Email: procurement@ebrd.com
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General
enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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