DFF - Biyat Waste Recycling



Project number:


Business sector:


Notice type:


Environmental category:


Approval date:

05 Oct 2021



PSD disclosed:

14 Oct 2021

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."

Project Description

The provision of a senior loan of up to US$3 million to ES Biyat the second largest beer producer in Turkmenistan. The loan will finance a new production line, which will help process spent grain into animal/fish feed, help diversify product range and improve distibution as well as to replenish necessary workign capital 


Project Objectives

As a result fo the project, ES Biyat is expected to:

  • Implement the conversion of its spent grain into animal/fish feed thus introducing a circular economy business model;
  • Diversify its product range with the aim of expanding its presence in the premium market segment;
  • Improve the malt storage quality;
  • Expand the distribution chain.

Transition Impact

ETI score: 80

The DFF SME framework primarily targets the Competitive quality by helping the SMEs to restructure and to become more efficient or professional. Sub-projects can target any of the other transition  qualities as the secondary objective. The majority of projects typically support the Well-governed quality by helping companies improve their financial management, or the Green quality by facilitating energy efficiency or environmental improvements.

Client Information


ES Biyat, a limited liability company organised and operating in Turkmenistan since 1996, is the second largest beer producer in the country. The soft drinks producer ES Mahmal Zip and the fish farm ES Elin Balyk are related to Biyat through common owners or direct ownership 

EBRD Finance Summary

USD 2,100,000.00

A senior secured loan of up to US$ 3 million, of which up to US$ 0.9m will be co-financed by the Innovation and Sustainability in Agribusiness Value Chains Account of the Financial Intermediary and Private Enterprises Investment Special Fund sponsored by the International Cooperation and Development Fund (the "TaiwanICDF").

Total Project Cost

USD 3,000,000.00


Financing Structure - the EBRD offers financing that is not available in the market from commercial sources on reasonable terms and conditions. Risk mitigation - the EBRD's long-term relationship with a client provides comfort to the client to be willing to take on more risk and/or finance, enabling outcomes such as innovation or expansion into new markets. Gender SMART - Client seeks/makes use of the EBRD expertise for the adoption of gender standards and/or equal opportunities action plans (e.g. improving women's access to safe transport and/or women-led businesses participation in the client supply chain).

Technical Cooperation and Grant Financing

Project appraisal by an international expert in circular economy and waste management: a review of the waste recycling project for its technical and financial viability and on its GET impact;  €33,100 funded from GEF with 10 per cent client contribution.

Gender and Economic Inclusion: Help with enhancing women's access to technical and managerial positions and endorsing the UN Women's Empowerment Principles (UN WEPs), strengthening governance for inclusive policies and practices. € 27,000 expcted from SSF with 10 per cent contribution by the Client.

Support to the installation of an Energy Management System (EMS) and preparation to the ISO 50001 certification: Expert, hardware and software help with the introduction of the EMS to reduce energy consumption and preparation for the certification according to the ISO 50001 Energy Management standard. Up to € 140,000 (corresponding to 50 per cent of the eligible costs) confirmed to be funded from SSF.

Company Contact Information

Arzygul Gajarova
4, Yenish Seyilgahi Str. Bagtyyarlyk Etrap, Parahat microdistrict Ashgabat, Turkmenistan

Implementation summary

PSD last updated

14 Oct 2021

Understanding Transition

Further information regarding the EBRD’s approach to measuring transition impact is available here.

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

Environmental and Social Policy (ESP)

The ESP and the associated Performance Requirements (PRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”.  The ESP and the PRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation as well as to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about environmental and social performance of the client and the project. Proportionate to the nature and scale of a project’s environmental and social risks and impacts, the EBRD additionally requires its clients to disclose information, as appropriate, about the risks and impacts arising from projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.

More information on the EBRD’s practices in this regard is set out in the ESP.

Integrity and Compliance

The EBRD's Office of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the highest standards of integrity are applied to all activities of the Bank in accordance with international best practice. Integrity due diligence is conducted on all Bank clients to ensure that projects do not present unacceptable integrity or reputational risks to the Bank. The Bank believes that identifying and resolving issues at the project assessment approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts, and also helps to monitor integrity risks in projects post-investment.

OCCO is also responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, both within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to compliance@ebrd.com. All matters reported will be handled by OCCO for follow-up. All reports, including anonymous ones, will be reviewed. Reports can be made in any language of the Bank or of the Bank's countries of operation. The information provided must be made in good faith.

Access to Information Policy (AIP)

The AIP 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 following its entry into force on 1 January 2020. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD Enquiries form.

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 ipam@ebrd.com to get guidance and more information on IPAM and how to submit a request.


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