Samarkand Solar Power Plant

Location:

Uzbekistan

Project number:

51055

Business sector:

Energy

Notice type:

Private

Environmental category:

B

Approval date:

02 Dec 2020

Status:

Concept Reviewed

PSD disclosed:

14 Aug 2020

Project Description

The provision of a senior secured loan of up to €32 million on a project finance basis for the purpose of constructing and operating a greenfield solar photovoltaic power plant with a capacity of 100 MW in the Samarkand region of Uzbekistan (the Project).

Project Objectives

Samarkand SPP is among the first private solar projects in Uzbekistan which will pave the way for a pipeline of renewable projects in the country. It will contribute to climate mitigation by adding 100 MW of solar generation capacity to the national energy system and will assist the country in low-carbon transition, reducing its current high reliance on thermal power generation.

Transition Impact

ETI score: 60

The expected transition impact of the Project is twofold:

-         Competetive: The Uzbek power sector currently has no private sector participation, and the Project is expected to be one of the first two privately owned power sector projects in Uzbekistan and will introduce a new international power sector sponsor to the country. The successful implementation of the Project would set an example for further private sector participation.

-         Green: The Project will introduce 100 MW of solar generation capacity in the Uzbek power system coming in line with the Bank's Green Economy Transition approach (GET).

Client Information

TO BE DEFINED

Tutly LLC is a special purpose vehicle incorporated in Uzbekistan for the purpose of developing, constructing and operating the Project. The Borrower is 100 per cent owned by Total Eren SA.

Total Eren S.A. is an independent global renewable energy operator active in the development and construction management of renewable energy projects with the main focus on onshore wind and ground-mounted solar PV technologies.

EBRD Finance Summary

EUR 32,000,000.00

Total Project Cost

EUR 104,000,000.00

Environmental and Social Summary

Categorized B under the 2014 ESP.  Initial available information suggests that site is not located in a sensitive area and major E&S impacts are expected to be linked to land use, labour and safety.  An Environmental and Social Due Diligence (ESDD) is being undertaken by an independent consultant and includes a review of the SPP, associated facilities, biodiversity review, land acquisition and construction related labour and safety issues.  Client's E&S management systems and capacity required to deliver the Project in line with the EBRD ESP are also be assessed. PSD will be updated upon completion of ESDD

Technical Cooperation and Grant Financing

None

Company Contact Information

Félicie Moulard
felicie.moulard@total-eren.com
+33 1 58 97 26 64
www.total-eren.com

PSD last updated

14 Aug 2020

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 how to submit a Request for review through our confidential online form, by emailmail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requesters’ identities may be kept confidential, upon request.

 

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