A five-year framework of up to EUR 156 million in sovereign financing to the Republic of Uzbekistan to support the rehabilitation of 8 small-to-medium size hydro power plants (HPPs) of JSC "Uzbekhydroenergo".
The Framework's objective is to support the strategic investment programme for the development of the hydropower sector of Uzbekistan via the rehabilitation of current HPPs, which will play a crucial role in decarbonisation and climate resilience efforts of the power sector of Uzbekistan.
ETI score: 60
The transition impact of the Framework stems from its expected contribution to (i) the Green Transition Impact ("TI") quality through extending the lifetime of hydro power plants in Uzbekistan, allowing these to continue to deliver low-carbon electricity to the system. The Framework also contributes to (ii) the Well-governed TI Quality through bringing improvement to the Clients' environmental and social management system in line with international standards ISO 14001/45001.
The Framework implementing entity will be JSC "Uzbekhydroenergo", a 100 per cent state-owned joint-stock company operating all hydropower generation assets (40 HPPs) in Uzbekistan.
EBRD Finance Summary
Total Project Cost
Up to EUR 156 million sovereign loans to the Republic of Uzbekistan for sub-projects under this Framework to finance rehabilitation of 8 HPPs.
Environmental and Social Summary
Frameworks are not subject to Categorisation under the 2014 ESP, however, sub-projects to be financed under the Framework have been confirmed to be Category B. In the unlikely situation of a sub-project triggering Category A requirements it will be treated as such as a standalone project. The key E&S impacts/risks associated with the Framework are associated with the client's capacity, capability and resources to implement any sub-projects within the Framework in accordance with the EBRD's E&S Requirements. Environmental and Social (E&S) due diligence has been undertaken by the EBRD with the support of an independent consultant and included an appraisal of the Company's corporate E&S institutional capacity and current operating performance. As the company is at a relatively early stage of its evolution, the ESDD identified the need to build capacity and capability in order to be able to effectively implement the EBRD's Performance Requirements. A corporate level ESAP was therefore developed to put in place overarching governance structure under which future sub-projects will be delivered. EBRD will work with the company, possibly with the support of Technical Cooperation funds, to assist with the future implementation of corporate E&S standards. This includes development of E&S policies, procedures and systems, capacity building and assisting with the governance structure of the relevant departments with E&S responsibilities.
The Company is focused on compliance with national regulations and currently has limited capacity and experience in developing or implementing projects in line with IFI requirements such as the EBRD's E&S policies. The Company's E&S management organisation needs to be strengthened and developed to enable the projects under the Framework to be structured to meet EBRD's Performance Requirements. A formal E&S policy positon will need to be developed which will form the basis for a detailed E&S Management System and subsequent operational procedures. To this end, the ESAP requires the appointment of a Corporate E&S Manager. In addition, the PIU will include an E&S Manager and a Community Liaison Officer. The Projects under the Framework are expected to realise many positive benefits including improved resource use and increased generation of renewable energy in a country, which is heavily dependent on fossil fuels for energy production, in addition to other institutional and project level improvements which will have a considerable demonstration effect.
Technical Cooperation and Grant Financing
Technical assistance to support the project implementation unit with the preparation and implementation of sub-projects under the Framework.
Company Contact Information
PSD last updated
14 Jul 2020
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Environmental and Social Policy (ESP)
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Independent Project Accountability Mechanism (IPAM)
If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).
IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.
Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate; how to submit a Request for review; or contact IPAM via email firstname.lastname@example.org to get guidance and more information on IPAM and how to submit a request.