Translated versions of this PSD: Russian
A five-year framework of up to US$ 283 million in sovereign financing to the Republic of Uzbekistan to support the rehabilitation of 11 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.
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 Resilient TI Quality through addressing the supply gap in the electricity sector of Uzbekistan, providing flexibility, baseload capacity and peaking capacity to the electricity system through the extended operation of both dispatchable and run-of-river capacity.
The Framework implementing entity will be JSC "Uzbekhydroenergo", a 100 per cent state-owned joint-stock company operating all hydropower generation assets (37 HPPs) in Uzbekistan.
EBRD Finance Summary
Total Project Cost
Up to USD 283 million sovereign loans to the Republic of Uzbekistan for sub-projects under this Framework to finance rehabilitation of 11 HPPs.
Environmental and Social Summary
Frameworks are not subject to Categorisation under the 2014 ESP, however, subprojects to be financed under the Framework have been confirmed, or are likely 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, ESDD identified the need to build capacity and capability in order to be able to effectively implement the EBRD's PRs. 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.
Technical assistance to support the project implementation unit with the preparation and implementation of sub-projects under the Framework.
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