EBRD starts public consultations on draft of new energy sector strategy

By Svitlana  Pyrkalo
@pyrkalo

 First large-scale solar plant in Kazakhstan receives EBRD backing

The proposed energy sector strategy envisages more renewable energy projects, such as the award-winning Burnoye Solar in Kazakhstan (pictured)

  • EBRD commences public consultations on draft of new energy sector strategy
  • Meetings will be held in Istanbul, Warsaw, Almaty, London, Belgrade, Kiev and Casablanca
  • EBRD Board of Directors to approve the strategy by the end of 2018, following consultations

The EBRD is launching public consultations on the draft of its upcoming Energy Sector Strategy (ESS), which will guide the Bank’s operations in the sector for the next five years. The current EBRD Energy Sector Strategy came into force in December 2013.

The EBRD ESS covers the Bank’s activities in two areas: electricity generation, transmission, distribution, storage and supply; and hydrocarbon extraction, processing, transportation, distribution, storage and supply.

The draft ESS promotes secure, affordable and sustainable energy through the transition to a market-oriented low-carbon energy sector. It identifies four interrelated strategic directions: (1) decarbonisation and electrification; (2) well-functioning energy markets; (3) cleaner oil and gas value chains; and (4) energy efficient and inclusive economies.

Stakeholders such as civil society organisations and representatives of industry and the business community will be invited to meet EBRD representatives in six countries of operations and in London, where the Bank is headquartered. Please see Draft energy sector strategy

The schedule of consultations will be as follows:

  • 3 October 2018: Istanbul, Turkey
  • 9 October 2018: Warsaw, Poland
  • 11 October 2018: Almaty, Kazakhstan
  • 16 October 2018: London, United Kingdom
  • 19 October 2018: Belgrade, Serbia
  • 25 October 2018: Kiev, Ukraine
  • 30 October 2018: Casablanca, Morocco

Following these consultations, the EBRD will produce a final draft of the strategy, which will be discussed by the Board of Directors by the end of 2018  and will come into force after the Board’s approval.