Dolovo Cibuk I Wind Farm

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 43764

Status Complete

Location

Serbia

Business Sector

Energy

Notice Type

Private

Project timeline

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

Project ID 43764

Status Complete

Location

Serbia

Business Sector

Energy

Notice Type

Private

Environmental Category

Approval Date

20 Jun 2017

Disclosure date

11 Feb 2015

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: Serbian

Project Description

The beneficiary company is a special purpose vehicle incorporated in Serbia, "Vetro Elektrane Balkana D.o.o.". The project company is wholly owned by Tesla Wind, a joint venture 60% owned by Abu Dhabi Future Energy Company PJSC (Masdar), 30% owned by the Taaleri SolarWind I fund (managed by Finnish renewable energy infrastructure fund manager and developer Taaleri Energia) and 10% owned by the German development finance institution DEG.

Project Objectives

The Project will be the largest wind farm to be developed under Feed-in Tariff ("FiT") programme developed by the Serbian government to support the construction of up to 500MW of wind generation capacity in the country. The project will help the country to increase the share of primary energy consumption produced from RE sources from the currently estimated level of 23% to 27% by 2020.

Transition Impact

The expected transition impact of the project stems from (i) the successful implementation of the first large scale private renewable energy project in Serbia, stimulating the expansion of renewable resources in a country highly dependent on coal, (ii) increasing private participation in the currently state-dominated power sector in Serbia, (iii) confirming the credibility of Serbia's regulatory framework for renewables, which directly benefited from the Bank's intensive policy dialogue activities and (iv) supporting a project that results in substantial emissions reduction of over 390,000 tonnes CO2 per year.

Client Information

WETRO ELEKTRANE BALKAN

The beneficiary company will be a special purpose vehicle incorporated in Serbia, "Vetro Elektrane Balkana D.o.o.". The project company is currently 60% owned by Abu Dhabi Future Energy Company PJSC (Masdar) and 40% owned by Cibuk Wind Holding (the Sponsors). It is expected that Cibuk Wind Holding sell its remaining participation to other institutions prior to financial close.

EBRD Finance Summary

EUR 60,000,000.00

EBRD to provide a senior loan of up to EUR 60 million with the remaining funding being provided by IFC, other financial institutions and the Sponsors.

Total Project Cost

EUR 300,000,000.00

Total project cost is approximately EUR 300 million.

Environmental and Social Summary

Categorised A. The Project is the construction of a large wind farm in an area near to a protected area (SNR Deliblato Sands an IBA). Due to the size, location and cumulative impacts, the Project required an Environmental and Social Impact Assessment (ESIA) in accordance to the Bank's Environmental and Social Policy as part of the appraisal process. An ESIA disclosure package was disclosed by the Sponsor in 2014. This was updated to include Bank requirements in February 2015.

The Project is being co-financed by the IFC among others. An additional review of the Project in 2017 confirmed that the ESIA is fit for purpose of public consultation.

An independent consultant was retained to undertake an Environmental and Social Due Diligence (ESDD) of the Project and develop the ESIA disclosure package. The ESDD confirmed that the Project will have limited impacts on the protected area, and is structured to comply with IFC and EBRD's respective Performance Standards and Requirements, and National and EU environmental legislation. This includes the EU EIA Directive and the EU Habitats Directive as applicable and transposed into Serbian legislation.

The ESIA has assessed possible impacts on the Delibalta Sands, and a Habitats Assessment was undertaken of the Project. This confirmed that the Project will not have a significant effect on the conservation objectives set for the qualifying features of the SNR Deliblato Sands or the Ramsar site Labudovo Okno (located 30 km from the site). This has been confirmed by the independent consultant as well as local Competent Authorities.

The ESDD also confirmed that the Sponsor has been implementing best practice and has the institutional capacity to fully implement the Bank's Performance Requirements. The ESDD identified additional measures to be implemented as part of best practice and these have been included in an agreed Environmental and Social Action Plan (ESAP). These include among others additional monitoring and the appointment of an independent expert to monitor and re-evaluate any bird and bat impacts as well as support the Company in the assessment of additional cumulative impacts.

Based on the monitoring the independent advisor will also advise on the need to revise or update the existing management plan, as appropriate.

Update March 2018 - The Project is under construction and the Company is implementing the agreed ESAP. No material issues or non-compliance issues have been identified or reported. The Project should be completed in early 2019. The Bank will continue to monitor the Project implementation

Technical Cooperation

The Bank provided substantial TC funding to support the development of renewable energy in Serbia. This includes:

(i) a wind energy grid integration study (funded by the Bank's Western Balkans Fund);
(ii) assistance to the authorities on the level of FiT (funded by the Western Balkans Fund);
(iii) drafting of the primary and secondary legislation and regulations governing support for renewable energy (funded by the Bank's Shareholder Special Fund); and
(iv) development of a bankable PPA for Serbia (funded by the Bank's Shareholder Special Fund). The PPA has been developed in close consultation with the Serbian authorities and other stakeholders including EPS, EMS, the regulator, developers and other IFIs (funded by the Bank's Shareholder Special Fund).

Company Contact Information

Zeljko Duric
Zdjuric@teslawind.rs
+381 11 244 1431
+381 11 245 1342
Green Square, 7 Mutapova st 11000, Belgrade, Serbia

Transition impact

ETI Score:80

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

Project ID 43764

Status Complete

Location

Serbia

Environmental Category

Disclosure date

10 Feb 2015

Project description

The EBRD is considering providing a loan for the construction, commissioning and operation of a 158 MW wind farm operating 57 wind turbines in the municipality of Kovin in the province of Vojvodina, north-eastern Serbia.

The project will be an independent power producer and will sell its electrical output under a long-term 12-year power purchase agreement (PPA) with a subsidiary of the state-owned power company Elektroprivreda Srbije (EPS).

The project is expected to be one of the first large-scale wind power projects to be implemented in Serbia and will help the country to meet EU renewable energy targets.

ESIA disclosure package

Full ESIA documents in English

2013 ESAP

Additional Bird and Bat Surveying and Collision Risk Assessment
Habitat Risk Assessment Screening
Land Acquisition Plan
Stakeholder Engagement Plan
ECODA_Assessment of impacts on bats
ECODA_Assessment of impacts on birds
ECODA_Assessment of impacts on booted eagle and Saker falcon
ECODA_Assessment of impacts on shrikes
WEBG Social Investment Plan (SIP) 2014
WEBG Social Investment Plan Annual report 2013
Čibuk 1 Wind Project - Environmental and Social Action Plan
Environmental and Social Impact Assessment - Non-Technical Summary
Čibuk 1 Wind Farm - Environmental and Social Impact Statement
Cibuk 1 Wind Farm - Land Acquisition Plan
Stakeholder Engagement Plan and Grievance Mechanism for Čibuk 1 windfarm

Full ESIA documents in Serbian

Full ESIA availability

Full ESIA documentation is available locally at:

Sponsor’s Local office

Continental Wind Serbia

Ana Brnabic

Address: Djure Jaksića 6/5; Belgrade 11000; Serbia

Mail delivery address: Resavska 23; Belgrade 11000; Serbia

T +381 11 7850 100

F +44 208 609 0334

Direct +381 11 7850 094

e-mail: ana.brnabic@continentalwind.com

web: www.continentalwind.com/

Local community offices in:

Bavaniste Local Community Office: Trg Zorana Đurđeva 4, Bavanište, Kovin Municipalityovin Municipal Building
Devojacki bunar – Vladimirovac Local Community Office: Cara Lazara br. 47, Vladimirovac, Alibunar Municipality
Dolovo Local Community Office: Ulica Kralja Petra I br. 5, Dolovo, Pančevo Municipality
Mramorak Local Community Office: Žarka Zrenjanina BB, Mramorak, Kovin Municipality
Kovin Municipality: Ulica JNA br.5, Kovin Municipality
Vladimirovac Local Community Office: Cara Lazara br. 47, Vladimirovac, Alibunar Municipality

The ESIA package has also been released for public review by the project sponsor on the Company web sites in English and Serbian.

Enquiries

Zeljko Duric
Zdjuric@teslawind.rs
+381 11 244 1431
+381 11 245 1342
Green Square, 7 Mutapova st 11000, Belgrade, Serbia

This document was prepared at an early stage of project development, before consideration by the EBRD Board of Directors. Details of a project may change following disclosure.

Environmental and Social Impact Assessments and ESIA summaries are produced by project sponsors, and the EBRD makes them available without any comment or implied endorsement. Any views expressed or statements made in the Environmental and Social Impact Assessment or the ESIA Summary do not necessarily reflect the views or opinions of the EBRD.

Last updated 25 June 2014

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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Dolovo Cibuk I Wind Farm

Project timeline

Translated version of this PSD: Serbian

Project Description

Project Objectives

Transition Impact

Client Information

EBRD Finance Summary

Total Project Cost

Environmental and Social Summary

Technical Cooperation

Company Contact Information

Transition impact

PSD last updated

Business opportunities

General enquiries

Public Information Policy (PIP)

Project description

ESIA disclosure package

Full ESIA availability

Enquiries