KEGOC Osakarovka Restructuring Loan

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 42039

Status Complete

Location

Kazakhstan

Business Sector

Energy

Notice Type

State

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 42039

Status Complete

Location

Kazakhstan

Business Sector

Energy

Notice Type

State

Environmental Category

Approval Date

04 May 2011

Disclosure date

03 Feb 2011

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Translated version of this PSD: Russian

Project Description

The EBRD is considering to finance:

Rehabilitation of the Ossakarovka electricity transmission line to contribute to the overall system reliability and support development of the Akmola region, enabling electricity supply from Central Kazakhstan to the Astana city and Akmola oblast (region).
Refinancing of KEGOC debt including two loans from EBRD to optimize KEGOC’s cashflows and balance sheet and prepare the Company for a new role as a Single Buyer (capacity market operator) in the context of the Kazakh power sector reform.

Transition Impact

It is expected that the transition impact of the project will come from the improvement of energy efficiency in the power system associated with transmission line rehabilitation and the introduction of a capacity payment system based on KEGOC fulfilling the role of a single buyer of capacity. This project will enable KEGOC to support its vital capital expenditures programme aimed at modernising and expending high-voltage transmission network up to high international standards. This will help to support economic growth of the Kazakh economy and ensure efficient use of resources.

The capacity market reform process is at an important stage in Kazakhstan. The reforms must move in a positive, pro-competition, and non-discriminatory direction.

The Client

JSC KEGOC (“KEGOC”) the national power transmission and system operator of the Republic of Kazakhstan is a fully state-owned monopoly responsible for power transmission and dispatch.

EBRD Finance

The EBRD is considering providing a loan of up to US$ 166 million (EUR 124 million) loan to JSC KEGOC. Up to US$ 83 million is expected to be co-financed by syndicate banks.

Project Cost

Up to US$ 166 million.

Environmental Impact

Categorised B. Potential impacts will be site-specific and readily identified and mitigated. No new construction, so limited environmental impacts anticipated. Corporate due diligence will update previous assessment in 2008, which found generally satisfactory corporate procedures and performance. Due diligence of new project will focus on labour and working conditions and stakeholder engagement to assess the Company's performance and management systems against the full scope of the Bank's 2008 Environmental and Social Policy and Performance Requirements. A new consolidated Environmental and Social Action Plan will cover all projects and may require upgrades to corporate systems.

Technical Cooperation

TC (SSF) with the Ministry of Industry and New Technologies (the MINT) - “Kazakhstan: Roadmap for Developing a Competitive Kazakh Generation Market”, Component III.

Company Contact

Mr. Sergey Irmanovich Katyshev, Head of PIU Department, Advisor to the President at KEGOC

E-mail: Katyshev@kegoc.kz
Tel. in Kazakhstan + 7 7172 970-108/109.

Transition impact

ETI Score:60

PSD last updated

01 Feb 2019

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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